EU

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ECB is Serious With Digital Euro, Tweets a Thread

2 Oct 2020 1 minute read 10 comments Abhimanyu Krishnan

The European Central Bank (ECB) offered some details on its stance on a Digital Euro via Twitter on October 2, and it appears that the bank is quite serious about its adoption. The ECB states that a Digital Euro could provide “a universally accepted...

ECB: Stablecoins a Less Plausible Store of Value, Term Stablecoin is Misleading

23 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

The European Central Bank (ECB) issued a report on September 22 where it spoke, among other things, on stablecoins. It tentatively suggested that digital assets could be useful, but also notes that it poses risks to current systems. The report discu...

French Central Bank Will Use Tezos to Power Digital Euro Trials

16 Sep 2020 1 minute read 1 comment Abhimanyu Krishnan

According to a report published September 15, the French Central Bank will see Tezos (XTZ) power its Digital Euro trial, after selected candidates Societe Generale and Forge chose Tezos as the blockchain for the experiment.  Multinational investment...

EU Heavyweights Want Stablecoins to be Regulated Before Being Allowed to Operate

16 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

Five major European nations have called for stablecoin regulations, as fears mount over state sovereignty and consumer protection, according to a Reuters report published on September 11. France, Germany, Italy, the Netherlands and Spain have all as...

Spain Begins 10 Days of Mourning For Covid-19 Victims

27 May 2020 1 minute read 0 comments AverageVancouverite

Spain has begun 10 days of official national mourning lasting until June 5th, 2020, for Covid-19 coronavirus victims. Starting on Wednesday, May 27th, all flags on public buildings and naval vessels will be flown at half mast for 10 days to pay tribu...

The time has come for the famous debt write-off

21 May 2020 3 minute read 0 comments Aristos

Trump and Bolsonaro may be squabbling over Covid-19 disease, but let them ask their other populist friend, Boris Johnson, to tell them what it's all about. It will upset them a lot. Because he will simply explain to them, we assume, that with the cor...

Bitcoin Account with 4.3% Interest Available to 80,000 Germans

15 May 2020 1 minute read 4 comments Abhimanyu Krishnan

Crypto-friendly German bank Bitwala on May 12 introduced a new product to its customers: a Bitcoin (BTC) interest account that gives users the opportunity to earn 4.3% on their Bitcoin holdings.  The bank hints at the motivation for the new product,...

Romania Issues Over 200,000 Fines Amid Covid-19 Pandemic

22 Apr 2020 1 minute read 0 comments AverageVancouverite

Romanian officials announce that between March 24th and April 19th, 2020, the nation has issued about 200,000 fines equivalent to about 86 million United States dollars to people who failed to comply with restrictions to combat the spread of the Covi...

First Underground Counterfeit Cigarette Factory Shut Down in EU

21 Feb 2020 1 minute read 0 comments AverageVancouverite

An illegal cigarette factory was discovered and shut down in the province of Malaga, Spain, where 20 people were arrested and 6 Ukrainian and Lithuania workers were found gasping for breath in a bunker under horse stables after an air pump's generato...

EU Can't Decide What to do with LIBRA

20 Feb 2020 1 minute read 1 comment mrnsaydou

Governments around the world are facing hard choices when it comes to cryptocurrency: overregulate it and risk losing the benefits to the economy, or do nothing and make themselves vulnerable to those who step up. Currently, the European Union can’t...