Daily Archives: 24/02/2021

ECB: “permission to issue stablecoins in the EU should be issued by the Central Bank”

The European Central Bank (ECB) wants to have a veto over the launch of stablecoins in the euro area and a larger oversight role to reduce inflation risks and keep payments secure. As the ECB said in a legal opinion on the rules for regulating cryptoassets in the EU, the final say on whether the launch of a stablecoin in the euro area should be allowed for the European Central Bank. This will allow the…

Banks Require Indian Traders to Report Cryptocurrency Transactions

The Indian branches of banks HSBC, HDFC and Citi require cryptocurrency traders to provide a report on transactions with digital assets, otherwise their bank accounts may be closed. Indian clients of these banks began to receive messages demanding clarification on the conduct of incoming and outgoing transactions with cryptocurrencies. To do this, you must personally come to the bank branch. If no clarification is received, banks may block user accounts. The letters say that in…