Today's crypto news focuses on the European Central Bank releasing a new report on cryptos uses for cross-border payments.
It names Bitcoin (BTC-USD) and stablecoins as some of the worst options for a shift toward digital transfers.
The government body advocates instead for Central Bank Digital Currencies (CBDCs) as a solution.
Crypto legislation continues to be a central theme of the industry right now, especially in the European and U.S. markets. As the market continue to grow in these areas, the U.S. and the European Union (EU) are looking into ways not only to protect investors but to make using money even easier with blockchain technology. One facet of particular interest globally is that of crypto’s use for cross-border payments. The idea of using crypto to send international remittances is a highly appealing one. But, some European banking experts say crypto is not in good enough shape for the endeavor to remain worthwhile. Let’s take a look at the latest crypto news.
The EU...
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