Digital Euro? Finland makes a cautious statement

 

The European Central Bank (ECB) will decide around the middle of next year whether it will issue an E euro. Meanwhile, Olli Rehn, Governor of the Central Bank of Finland, is almost certain: the digital euro will be launched this decade.

In an interview with the news agency Reuters on 16 October, Rehn commented on the fiscal policy of the European Central Bank. Among other things, he discussed corona reactions, deflation and inflation risks and the central bank’s remit. He also spoke briefly about the digital euro and cash.

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The ECB was late in getting to grips with a digital central bank currency (CBDC). However, it is now at the forefront of this field, along with other central banks. However, while the central bank has so far only developed concepts, Rehn makes somewhat more concrete statements: The E-Euro will probably be introduced within the next ten years. However, he did not say how that would be assessed.

European Central Bank wants public opinion
And an important element is that [the digital euro] will not be a substitute for cash, but a complement to it, which I think is important for citizens.

The Governor of the Central Bank of Finland talks to Reuters.
With these words Olli Rehn reaffirms the intentions of the European Central Bank, which have been expressed on many occasions. The bank wants to find out what the opinion of the citizens really is by means of a survey. Both private individuals and institutions can indicate how they would use the euro and what advantages and disadvantages they think there are.

The price of Bitcoin sinks $1,500 in 5 minutes

As I was preparing to write a content analysis of the price of Bitcoin before its Halving, I stumbled upon it just as its value plummeted from $9,600 to $8,100, as you can see in the graph below.

The first thing that comes to mind is that everything can happen before the halving of next May 12. Although there are more and more voices marking a possible historical maximum of the BTC after the halving, it is also valid to consider that the opposite can happen.

This doesn’t mean that it’s not a debacle for

  1. go live this quarter
  2. a salient issue
  3. backed by $4 million
  4. invest in fractions of stocks
  5. explained dante disparte

, but rather that it’s an abrupt movement trying to find a balance point in the price of the BTC.

What is the future of Bitcoin mining if the BTC price doesn’t rise?

The price of Bitcoin sinks in just 5 minutes
At this point, no one is surprised by the high volatility of Bitcoin. But what happened a few minutes ago will be cause for future analysis. In a little less than 5 minutes its value went from US$ 9,600 to US$ 8,100.

At the time of writing, the price of Bitcoin has recovered to US$ 8,800, with an exorbitant volume of trading.

Another thing I am observing is the strong price difference between the main exchanges in the world: Binance trades US$ 8,782, Coinbase US$ 8,655, Bitfinex US$ 8,810 and Huobi US$ 8,742. The CFD Plus500 exchange quotes it at US$ 8,850.

Bitcoin drags in the cryptomarket
The collapse of Bitcoin is dragging down the entire crypt market, Ethereum sinks 9.28%, losing the $200 at one stroke, while the XRP drops 10%, jeopardizing the key support of the $0.20.

Decisive hours are coming to find out what decision the bitcoin miners will make before halving. Will they still have enough incentive to keep the network at a reward of 6.25 BTC per block, or will they take advantage of selling at these levels and wait and see what happens?

We invite you to follow our special coverage of Bitcoin halving at Crypt Trend.

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