The ECB updates its stance on crypto asset regulation and continues to promote the launch of a CBDC 🎉
The ECB, never known for being a friend or supporter of cryptocurrencies, will not have made many new fans after the latest news.that "national frameworks governing crypto-assets diverge quite extensively." That is the reason why the ECB would take steps to regulate those assets.
The ECB also said that crypto will "remain an area of focus for European banking supervision in years to come."Furthermore, though technically unrelated, the ECB published a working paper series discussing the relationship between CBDCs, monetary policy, and financial stability.," it concludes that CBDCs are "the only solution to guarantee a smooth continuation of the current monetary system.
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