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Bank notes
ECB – European Central Bank (2020), “Report on a digital euro”, October, Frankfurt am Main, Europeana Central Bank; available at: Decentralization illusion central urges regulation crypto "The argument for dollarization is that there is no price stability and the independence of the central bank is an illusion," said Juan Napoli, a Senate candidate for Milei's Liberty Advances party.
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In the United States, the President’s Working Group on Financial Markets and other high-level financial regulators have recommended a stifling federal regulatory framework. The European Central Bank seeks to discourage integrating stablecoins with existing payment systems. And the Bank for International Settlements and its related Financial Stability Board have pushed for burdensome global regulation. These moves embody a myopic view that prioritizes managing risks and curbing illegal activity—real or imagined—over the benefits that stablecoins can offer to the world. Brazil’s central bank eyes regulation for digital currencies "The growing number of celebrities who gleefully market their love of crypto, NFTs, etc. may as well be boasting about transacting in blood diamonds. Under the auspices of technological prowess and pioneering entrepreneurial blockchain embrace, celebrities are helping swindle their fans and supporters. Ironically, such hi-tech celebpreneur crypto-braggadocio is not an example of innovation and vision but is instead, a compelling illustration of noxious crypto-crime enabling, and a glaring case of commercial ignorance, opportunistic pandering and plain old-fashioned irresponsibility and avarice."Is cryptocurrency safe?
Global Regulatory Collaboration Key to Cryptocurrency Asset Oversight, Urges World Economic Forum Not giving in to the temptation to offer public backing to cryptos Known as the central bank for central banks, the BIS is an influential body that shapes guidelines and action taken by the Federal Reserve, the European Central Bank, the Bank of England, and similar institutions. The report is bound to make waves with policymakers as they reckon with DeFi’s impact on the global financial system.
