Bundesbank

Bundesbank President: FinTech needs regulation

Speaking at the G20 conference, where leaders from the international organization are meeting in Germany to discuss issues around the digitization of finance Weidmann said: "Originally developed for the bitcoin virtual currency, this distributed ledger technology, it would appear, has turned out to be a multi-purpose tool. And even central banks – which aren’t typically known for being early adopters of new technologies – are currently doing experimental research on the potential use of blockchain."

Continue reading

Bundesbank cheaf Weidmann invites ECB to move interest rates

The president of the Bundesbank, Jens Weidmann believes that the ECB can not stand still for too long: "Under no circumstances can interest rates remain so low for longer than is absolutely necessary with regard to price stability" he said on Monday.

The number one of the German Central Bank also does not take sides in a positive way towards extension of the quantitative-easing plan, which will expire in March 2017, but at the same time makes it clear they do not want to take for granted such a decision.

Continue reading