ECB’s Benoît Cœuré to Lead Blockchain and Fintech Innovation Hub

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Benoît Cœuré, member of the Executive Board of the European Central Bank (ECB), has been appointed the new Head of the BIS Innovation hub. In his new role at the Bank of International Settlements, Cœuré will deal with the future of money and fintech, and the special place of blockchain and digital assets.In the past, he has expressed fears that Libra and other similar privately launched assets could challenge the policy of the European Central Bank. Now, for the next five years, Cœuré will explore the specific challenges of new technology to the activity of central banks and monetary policy.The announcement of Libra was one of the factors that triggered increased regulation of digital assets and the activities related to exchanges and transfers. Regulators have moved in after the fact for multiple trends in the crypto space. The latest concern is about “stablecoins”, or digital assets pegged to fiat currencies.Cœuré…

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