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European Central Banks Demand Strict Cryptocurrency Regulations

PYMNTS

“We all agree that it’s our task to keep financial market[s] stable and to ensure that what is a task for states remains a task for states,” German Finance Minister Olaf Scholz told reporters, Reuters reported. But new technology can be used to make settling financial transactions more efficient.”.

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Wirecard Forces ‘Radical’ Reboot Of German Accounting Regs

PYMNTS

German Chancellor Angela Merkel’s spokesman told the Times the case is “alarming,” while Finance Minister Olaf Scholz called it “a scandal which is almost unprecedented in the world of finance.”. “We

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G20 Determined To Change How Big Tech Is Taxed

PYMNTS

G20 officials want to optimize taxes from tech giants like Google in a bid to help raise revenues in countries around the world, they said Sunday. And leading world economies will have to show unity in laying down the law for companies, G20 officials said Sunday. The G20 comments were mostly focused on the U.S.,

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EU Bankers Weigh Risks, Rewards of CBDC – and Cash’s Staying Power

PYMNTS

Separately, Germany’s Olaf Scholz said “what’s a responsibility of the state must remain a responsibility of the state.”. Bundesbank President Jens Weidmann said at the gathering that cash will still have a place in the world. Many people value cash very highly, and for legitimate reasons.

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Bitcoin Daily: CoinFLEX Takes Bets On Libra Launch; Germany’s Finance Minister Speaks Out Against Private Currency

PYMNTS

Minister Olaf Scholz said in an interview a local German outlet that he remains “very, very critical” of Libra, but conceded that an e-euro would be good for Europe’s financial system. In other news, Germany’s federal finance minister has sent out a warning about private currency projects like Libra.

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Kyiv furious as EU wavers on banning Russia from Swift payment system

TheGuardian

Ukraine foreign minister voices anger as EU leaders likely to decide against blocking Russia from international payments system Ukraine-Russia crisis – live updates The EU faced furious remonstrations from Kyiv as Europe’s leaders looked set to hold back from imposing the potentially most damaging sanction on Russia, even as the Kremlin lay siege to (..)

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Olaf Scholz faces fresh scrutiny over alleged role in waiving of bank’s tax bill

TheGuardian

Chancellor denies influencing decision to waive tax bill for Warburg, Germany’s largest private bank, while mayor of Hamburg Olaf Scholz faces fresh scrutiny over allegations that he was responsible for waiving a multimillion-euro tax bill for a private bank involved in a tax fraud scheme, as the German chancellor struggles to shake off links to alleged (..)

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