Tag: ECB

German Banks Purposefully Misled the ECB in 2014, Report Shows

In the financial world, there are a lot of developments that were never allowed to see the light of day. A new report issued by several experts confirms that the ECB was fooled by several German banks in 2014.  Every so often, the ECB will conduct an asset quality review, or AQR. The ECB was Misled by German Banks During that type of audit, all member banks need to provide …
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ESCB Mulls the Concept of Creating a Euro-backed Stablecoin

Banks and other financial institutions are well aware of cryptocurrencies and digital assets. So much even that the European System of Central Banks may create its own Euro-backed stablecoin fairly soon. Although these plans are not officially confirmed, a recent communication shows the plan is at least being considered.  ECSB Takes Note of Digital Assets In recent years, the European Central Bank has remained relatively quiet regarding Bitcoin and other cryptocurrencies. …
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ECB’s Mario Draghi Rejects the Concept of Estcoins

Not long ago, we touched upon the concept of so-called Estcoins. The new digital currency would complement Estonia’s e-residency project, assuming the tokens were ever issued. If it were up to Mario Draghi of the European Central Bank, that would never happen. In fact, he has clearly stated that no member country can introduce its own currency at will. This could be quite the problematic development for Estcoins. The Estcoins Project may Never Happen …
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ECB And Bank of Japan Collaborate On DLT Research To Revamp Market Infrastructure

Blockchain technology is becoming the new norm among financial institutions all over the world. The European Central Bank is joining forces with the Bank of Japan to explore a new DLT initiative for market infrastructure– quite an intriguing development, although it was only a matter of time until the ECB started paying attention to the blockchain. Bank of Japan And ECB Form A DLT Coalition The news came as quite …
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