Jakob de Haan on Dutch Central Bank and Bitcoin
Bitcoin is the future of global economy' is the mantra for many bitcoin enthusiasts. The potential of bitcoin as a global currency, replacing existing fiat currencies has been widely covered by many publications, including NewsBTC. Considering the scenario, many people are automatically led to believe that the Central Banks and governments are opposed to this idea and they are doing all they can to prevent bitcoin's global dominance. However, a closer look shows that the belief might not be entirely true. While few banks and governments have considered and even openly declared that they....
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De Nederlandsche Bank (DNB) head of research Jakob de Haan has issued new responses to pointed questions about the role of bitcoin in global finance. During a speech at the reinvent.money conference on 26th September, de Haan was asked several questions about bitcoin, including ones that referred to the euro derogatorily as a "bullshit fiat currency", with unusual candor given his status at the Dutch central bank. A newly surfaced video shows de Haan responding to the question of whether his organization is afraid it may be replaced by decentralized financial technologies, such as bitcoin,....
It has been over a year since De Nederlandsche Bank (DNB), the Dutch Central Bank, was vocal about bitcoin. The bank previously voiced its opinion that “virtual currencies are not a viable alternative” to fiat currency, and that they “are unlikely to become a viable alternative for traditional currency in the foreseeable future.” Perhaps because of....
The Dutch central bank has fined cryptocurrency exchange Binance 3.325 million euros for offering crypto services in the Netherlands without the legally required registration. Binance has appealed against the fine and has now submitted an application to register with the central bank. Binance Fined by Dutch Regulator The Dutch central bank, De Nederlandsche Bank (DNB), revealed Monday that it has fined Binance Holdings Ltd. for offering crypto services without registration as required by law. The administrative fine of 3.325 million euros ($3.4 million) was imposed on the cryptocurrency....
Reinvent.Money is an upcoming conference taking place at Erasmus University in Rotterdam this weekend. During this one-day event, the future of our monetary system will take center stage. Entrepreneurs and industry experts from all corners of the financial world will share their ideas and vision for the future. Bitcoin and blockchain technology will be a hot topic of conversation during this conference. Even though Reinvent.Money is a one-day event, the schedule of speakers is jam-packed with interesting people. After a word of welcome by Paul Buitink, who runs a podcast on monetary....
Convinced that cryptocurrencies are affecting the tasks performed by monetary authorities around the world, the Dutch central bank has urged for comprehensive international regulations. The call comes after research into the development of crypto assets and policy responses. ‘Proper Regulation Indispensable for Risky Cryptos,’ Dutch Central Bank Insists Bitcoin, tether, and other digital coins are affecting many of the tasks and objectives of central banks and supervisory authorities, according to Steven Maijoor and Olaf Sleijpen, members of the Executive Board of De Nederlandsche Bank....