Fabio Panetta: “The ECB will better protect the data of users of the digital euro”

Fabio Panetta: “The ECB will better protect the data of users of the digital euro”

ECB executive board member Fabio Panetta said that in the transition to the digital euro, the ECB will better protect users’ confidential data than private firms. In a recent interview, Fabio Panetta said that in addition to the interest in the digital euro, users are very concerned about the security of their data. Panetta explained that unlike private firms, the European Central Bank has no commercial interest in storing, managing or monetizing user information. So…

PBOC Banned Chinese Banks From Serving Cryptocurrency Traders

PBOC Banned Chinese Banks From Serving Cryptocurrency Traders

At the request of the Central Bank of China, banks and financial institutions must stop serving any customers working with cryptocurrencies. The directive of the regulator has already been followed by the Agricultural Bank of China. The People’s Bank of China (PBOC) held a meeting with local banks and mobile payment operators, at which it demanded that they stop providing services to customers who make any transactions with digital assets. At the meeting, the Agricultural…