Almost every day there is a report value with respect to the state dealing with Bitcoin & co. As always, we have the most important messages around the topic of crypto-regulation combined. Everything about Trump, the Bank of Japan's and Russia's dealing with a Libra.David-separator
On 7. July 2019 BTC$11.389,00 , and 0.32% part Facebook Twitter LinkedIn xing mail
Welcome to the regulatory-ECHO.Bank of Japan: Central Bank-Kryptos from the table
In the Wake of Facebook's project Libra is also inflamed the debate about Central Bank crypto-currencies, the so-called CBDC (Central Bank, Digital Currencies). An Official of Japan's Central Bank, the Bank of Japan (BoJ), has turned on according to a Reuters report in the debate. Masayoshi Amamiya, his character Deputy Governor of the BoJ, issued CBDCs, therefore, is a rejection of
The BoJ don't plan to own crypto-currency, Amamiya. The consequences for the economy are ultimately imponderable:
If Central banks replace private money deposits through the use of digital currencies, this could have the credit channels of the commercial banks, undermine and have a negative impact on the economy.
Also, would abolish the Central Bank in cash entirely. Because as soon as the BoJ CBDC occupied with negative interest rates, would flee to citizens in cash. Finally, the so-called Zero lower Bound, i.e., a Zero-percent limit for interest rates apply for this as before. In other words: cash is the only difficult with penal interest evidence – although the IMF this monetary Experiment already discussed.No Libra-ban in Russia
Libra will receive the same regulatory Status as all other crypto-currencies in Russia. This is Russia's Deputy Finance Minister Alexei Moiseev told the Interfax news Agency. Observers had feared in the run-up to that Libra can cause would be due to the dominance of US-based companies regulatory abdominal pain of the Russian Federation.
at the same time of Moses to the effect, however, Russia's strict hand, the currencies of Crypto in General: "The ruble, our national currency. He should remain a means of payment and unit of account. With crypto-currencies may be traded, the Status of real currencies, you may not reach“, - quotes Interfax.
First on 3. In July it was reported that five U.S. congressmen wanted to move Facebook founder Mark Zuckerberg to the task of the project. We reported on it.Trump makes money politically -
the need for government Fiat money is political money, is under Bitcoinern well known. Although nation-States still keep the ticket of independent Central banks. However, it is precisely the practices of States such as US President Donald Trump this standard distorted arms more and more. A Tweet of the most powerful man in the world illustrates the tendency for political coloring of monetary and Central Bank policy once again:
China and Europe, playing big currency manipulation game and pumping money into their system in order to compete with USA. We should MATCH, or continue being the dummies who sit back and politely watch as other countries continue to play their games – as they have for many years!
— Donald J. Trump (@realDonaldTrump) July 3, 2019
China and Europe play a big manipulation game and pump money into your System, in order to compete with the United States. We should adapt or continue to the dolls, the lean back and friendly watch as other countries continue their games play – how do you do it for many years!
Bitcoin, is, however, of individual actors hardly politically instrumentalized. How necessary is an apolitical, neutral currency, the Trump Tweet once more.
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