Permainan judi slot online terbaik

slot hoki terpercaya

  • About
  • Contact
  • Privacy Policy
  • bitcoinBitcoin$19,409.002.58%
  • ethereumEthereum$1,068.703.75%
  • xrpXRP$0.315574-3.04%
  • bitcoin cashBitcoin Cash$101.951.61%
Cryptovibes.com - Daily Cryptocurrency and FX News
  • Home
  • News
  • Analysis
  • Crypto
  • Autotrading
    • Bitcoin Robot Guide
    • Bitcoin Future
    • Bitcoin Millionaire Pro
    • Bitcoin Pro
    • Bitcoin Loophole
    • Bitcoin Up
    • Bitcoin Storm
    • Bitcoin SuperSplit
    • Bitcoin Supreme
    • Bitcoin System
    • Bitcoin Fortress
    • Immediate Edge
    • Bitcoin Profit
    • Bitcoin Trader
    • Bitcoin Bank
    • Bitcoin Union
    • BitQT
    • Bitcoin Prime
    • Profit Compass
    • Bitcoin Champion
    • Bitcoin Optimizer
    • PBN Invest
    • Quantum AI
    • Celebrities
      • Teeka Tiwari Investment plan
      • Kate Winslet Bitcoin
      • Holly Willoughby Bitcoin
      • Ant McPartlin Bitcoin
      • Nicole Kidman Bitcoin
      • James McAvoy Bitcoin
      • Jim Davidson Bitcoin
      • Peter Lim Bitcoin
      • Jonathan Ross Bitcoin
      • Bear Grylls Bitcoin
      • Phillip Schofield Bitcoin
      • Mike Hosking Bitcoin
      • Ryan Reynolds Bitcoin
      • Dick Smith Bitcoin
    • Broker Reviews
      • Herdos Review
      • FXTB Review
  • Disclaimer
  • PR
No Result
View All Result
Cryptovibes.com - Daily Cryptocurrency and FX News
No Result
View All Result

European Central Bank (ECB)’s New Crypto System Allows Controllable Anonymity

Sherlock Gomes by Sherlock Gomes
December 26, 2019
in Crypto news
Reading Time: 3min read
Investor Hedges Push ECB Rate Hike Bets Beyond Projections

The European Central Bank (ECB) is adopting a forward-thinking approach towards cryptocurrencies. The bank has published a new study that is proposing a new model that could bring cryptocurrencies to the mainstream. The regulatory is proposing a new crypto payment system with controllable anonymity.

Balancing function and regulation

As one of the premier regulators in the world, the ECB is trying to mitigate some concerns related to digital currency payments. Most of the issues arise because of anonymity allowed in digital currency ecosystems, which threaten anti-money laundering laws. In its study, the ECB has talked about a crypto payment system but has denied any intention of creating its own coin.

European Central Bank (ECB)’s New Crypto System Allows Controllable Anonymity

The new model discussed in the study is called EUROchain, a simplified CBDC payment system with a unique proof of concept. It allows users to maintain privacy in smaller value transactions. However, as soon as they cross a certain threshold, they will have to compromise anonymity to follow the regular AML/CFT laws. It proposes “anonymity vouchers,” which lets users transfer a limit amount to anyone on EUROchain for a predefined period of time. For instance, a user may get a voucher to remain anonymous for transactions under $1000 per week.

The low-value transactions will not allow the user’s transaction history and identity to be revealed. Neither the intermediaries (like banks) nor the central bank will know about the time and amount of the transaction. The limits on these payments are automated. An AML/CFT compliance authority will ensure that it performs additional checks. It would also reject any transactions made to sanctioned or banned users.

Why is this stance difference?

The biggest issue with cryptocurrencies, according to several peers of ECB, is anonymity. Most digital currencies work on blockchains that allow immutable transaction records available to the public but never fully reveal the personal details of a sender/receiver. As a result, the crypto space is quickly becoming a favorite amongst many criminals who are demanding ransoms in digital coins.

The ECB proposed system doesn’t demand full personal information and leaves some space for privacy. However, it also aims to ensure that users do not violate AML/CFT regulations. Maintaining transaction thresholds enables them to provide privacy to everyday users while keeping an eye on criminal activities. To achieve its objective, the ECB will use R3 and Accenture-supported blockchains developed by the EUROchain research network by Eurosystem.

Tags: AML/CFT regulationsControllable Anonymitycrypto payment systemEUROchainEuropean Central Bank (ECB)

Related Posts

Europe's Central Banks Increase Interest Rates To Tackle Inflation Surge
Analysis

Europe’s Central Banks Increase Interest Rates To Tackle Inflation Surge

June 18, 2022
An ECB Crisis: The Quest For A Neutral Euro Zone Interest Rate
Analysis

An ECB Crisis: The Quest For A Neutral Euro Zone Interest Rate

June 10, 2022
Europe's Junk CDS Hint At More Credit Pain Coming Up
FX Industry

Europe’s Junk CDS Hint At More Credit Pain Coming Up

May 12, 2022
Facebook Twitter Instagram Telegram RSS Youtube

Newsletter

Like what you're reading? Subscribe to our top stories
situs qq online terpercaya
probola
Menyajikan live score bola terkini
www.jamberrynails.net
adtoken.com
Agen bola
judi online slot
daftar judi slot terbaru
situs BandarQQ Online
Situs judi online Terpercaya
poker online
judi bola
slot pragmatic
situs judi bola
situs judi bola
pragmatic play
judi bola
Situs Slot TOS885

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

No Result
View All Result
  • Home
  • Crypto news
  • Analysis
  • Editors’ Choice
  • Entertainment
  • Press Releases
  • ICO
  • Wisdom
  • Coins List
  • Advertising
  • About FXTimes
    • Privacy Policy
    • Terms of Use
    • Donate

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

Situs sbobet resmi terpercaya. Daftar situs slot online gacor resmi terbaik. Agen situs judi bola resmi terpercaya. Situs idn poker online resmi. Agen situs idn poker online resmi terpercaya. Situs idn poker terpercaya.

situs idn poker terbesar di Indonesia.

List website idn poker terbaik.
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.