Pompliano Dunks On The Digital Euro, Saying Its Not Bitcoin
Bitcoin bull Anthony Pompliano shares his thoughts on the digital euro, reminding everyone that it won’t be decentralized, nor will it signal a change in monetary policy. This week, the European Central Bank (ECB) announced it had started researching the digital euro. They added that they had not decided on whether it will get implemented. […]
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There are many that say Bitcoin is poised to see rapid appreciation in years ahead, but many don’t have much skin in the game. Investor and former Facebook team member Anthony Pompliano recently said this is not the case with him. He said in a podcast that 80% of his wealth is concentrated in the leading cryptocurrency. Anthony Pompliano, Fund Manager, Says He Has 80% of His Wealth in Bitcoin Long-time Bitcoin bull Anthony Pompliano […]
As the dust settles on Tesla withdrawing Bitcoin as a payment option, the community is awash with speculation over what happened. On that, Bitcoin-bull Anthony Pompliano chimes in with a theory that yesterday’s bombshell was the beginning of an elaborate ruse to usher in new technology from Tesla. Pompliano Gives His Take On The Bitcoin […]
A group of economists evaluating the potential effects of a digital euro have insisted that restricting access to the upcoming currency is necessary to preserve the current financial system. Their study follows an earlier proposal to limit digital euro deposits at the European Central Bank (ECB) to €3,000 per person. Limited Availability of Digital Euro Expected to Prevent It From Becoming Too Popular Europeans’ access to a digital euro should be restricted to prevent a flight of capital from deposits at commercial banks, according to a report published by the European....
The president of the European Central Bank (ECB), Christine Lagarde, says that a digital euro will not replace cash but would complement it. “A digital euro would give you an additional choice about how to pay and make it easier to do so, contributing to accessibility and inclusion,” the ECB explained.
Digital Euro to Complement Cash
ECB President Christine Lagarde talked about the digital euro at the plenary session of the European Parliament Monday on the 20th anniversary of the introduction of euro banknotes and coins.
“Last year, we....
With concerns about financial stability in mind, the European Central Bank (ECB) plans to limit digital euro holdings, according to Board Member Fabio Panetta. The plan is to have a maximum amount of digital cash in circulation similar to that of euro banknotes today, the official unveiled.
Eurozone’s Central Bank to Keep Total Digital Euro Holdings Below 1.5 Trillion
A digital euro could potentially lead to the conversion of a large share of bank deposits in the euro area into digital cash, Member of ECB’s Executive Board Fabio Panetta warned in a statement at the....