Post by: newshunter on August 17, 2020, 07:00:27 AM
In the EU, getting laws right on Libra could be the best way to speed up a digital euro from the European Central Bank.
Source: Good Stablecoin Rules in the EU Pave the Way for CBDCs and a Digital Euro (https://cointelegraph.com/news/good-stablecoin-rules-in-the-eu-pave-the-way-for-cbdcs-and-a-digital-euro)
Would appreciate your opinion about this
Post by: KryptoBull on August 17, 2020, 06:40:05 PM
The good news is they don't prevent central banks from researching & testing their own CBDCs.
Post by: Delgado on August 22, 2020, 09:07:22 PM
I expect more openness in the EU's crypto approach, but it seems they are not yet ready to share the absolute power they hold with EUR fiat.The countries of the European Union are not going to share financial power in their countries with anyone, and they are right. The loss of even partial such power can lead to the loss of the sovereignty of these states. Therefore, they did the right thing by immediately calling for the prohibition of Libra on their territory. In order for such a private coin to circulate on the territory of a number of states, this must be preceded by serious preparation not only in the financial sector, but also in all related areas.
The good news is they don't prevent central banks from researching & testing their own CBDCs.
This situation is of course pushing the European Union countries to issue their stablecoin.