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The European Central Bank is willing to develop its own digital currency if the private sector can’t make cross-border payments faster and cheaper.
The European Central Bank will set up a database to register incidents of cyber crime at commercial banks, aiming to create an early warning and analysis system for big lenders, it told a German newspaper.
European Union countries must foster payment services that work across the continent to boost its financial sector and reduce dependence on third countries like the United States, a top European Central Bank official said on Sept 3.
A senior official at the European Central Bank warned that banks embracing external data storage and other digital technology need to face an uncomfortable truth: there’s a good chance they’ll get hacked.
Italian police arrested two siblings on Tuesday for hacking into the e-mails of European Central Bank President Mario Draghi, former prime minister Matteo Renzi and thousands of others.
The European Central Bank (ECB) shut down one of its websites on Aug 15 after it was hacked and infected with malicious software.
Central bankers say the success of bitcoin and other cryptocurrencies is just a bubble.
International outcry is mounting over Libra – with central banks, governments and regulators railing against the cryptocurrency.
Banks overtook tech stocks as the most overweight global sector in July with 'long Nasdaq' deemed the most crowded trade for the third straight month.