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Benoit Coeure Quotes – Quotes By Benoit Coeure

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Benoit Coeure Quotes


El Salvador, that is an interesting experiment indeed, we have been clear at the BIS that we don’t see bitcoin as having passed the test of being a means of payments. Bitcoin is a speculative asset and should be regulated at such. —Benoit Coeure We need to be at the cutting of technology, we have to work with the private sector. —Benoit Coeure We have been clear at the BIS that we don’t see bitcoin as having passed the test of being a means of payments. Bitcoin is a speculative asset and should be regulated at such. —Benoit Coeure A global stablecoin for retail purposes could provide for faster and cheaper remittances, spur competition for payments and thus lower costs, and support greater financial inclusion, however…they give rise to a number of risks related to public policy priorities including anti-money laundering and countering the financing of terrorism, consumer and data protection, cyber resilience, fair competition and tax compliance. —Benoit Coeure Further engagement of stablecoin developers with the public and authorities will be required, the working group stands ready to take forward its work in coordination with G7 finance ministries, relevant standard-setting bodies and the G20. —Benoit Coeure

Best Quotes By Benoit Coeure

You’ve got to be safe, robust and resilient from day one, it’s not a learning process: either it works or it doesn’t. —Benoit Coeure Down the road we might find that there are gaps or inconsistencies that would require a prolonged discussion by regulators on how to do it differently, authorities are not going to let any such projects happen before we have answers to our questions and before we have the right regulatory framework. —Benoit Coeure Market discipline is useful but I wouldn’t see it as progress to shift monetary sovereignty from governments to private multinationals. —Benoit Coeure The health check by the ECB of the large Greek banks is another step forward, and bank recapitalization should be completed by the end of the year, the situation in the euro area is considerably more robust than it was a couple of years ago. —Benoit Coeure The situation in the euro area is considerably more robust than it was a couple of years ago. —Benoit Coeure