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Showing posts with the label Decentralization

Digital Euro Needed to Counter Stablecoins, Non-European Big Tech, ECB Chief Economist Says

Electronic Payments and Crypto Tickers Electronic payments have become increasingly popular in recent years, with the rise of platforms such as Apple Pay, Google Pay, and PayPal. These payment methods offer convenience and ease of use for consumers, but they also come with their own set of risks. Crypto tickers such as BTC, ETH, and LTC have also gained traction as alternative forms of payment, but their volatility and lack of regulation make them a risky choice for transactions. Europe and Economic Pressure According to Philip Lane, the Chief Economist of the European Central Bank, the growing use of electronic payments in Europe exposes the continent to risks of economic pressure and coercion. This is because these payment platforms are largely controlled by non-European companies, leaving Europe vulnerable to outside influence and potential economic manipulation. Trending Hashtags and Coercion In response to Lane's warning, many social...

Donald Trump taps ex-Bitfury crypto exec to lead US banking regulator

Experience in Government During his time in the Office of the Comptroller of the Currency, Jonathan Gould gained valuable insight into the inner workings of the federal government. He worked closely with top officials and gained a thorough understanding of the regulatory landscape surrounding financial institutions. His experience in government gave him a unique perspective on the intersection of technology and policy, which he would later apply in the crypto industry. Transition to Crypto After leaving the government, Jonathan Gould made the move to the fast-paced world of cryptocurrency. He joined Bitfury, a leading blockchain company, where he worked on developing innovative solutions for the financial sector. His government background and expertise in financial regulation made him an ideal fit for the company, as they sought to bridge the gap between traditional finance and the emerging world of crypto. Insider Knowledge With his experience in both gove...