7 Amendments of Bernard MONOT related to 2016/2007(INI)
Amendment 3 #
Motion for a resolution
Citation 19 a (new)
Citation 19 a (new)
Amendment 11 #
Motion for a resolution
Recital C a (new)
Recital C a (new)
Ca. whereas virtual money is not a means of exchange and cannot replace national currencies,
Amendment 14 #
Motion for a resolution
Recital C b (new)
Recital C b (new)
Cb. whereas the progress made in the area of virtual currencies should not be a reason for creating a society without liquid money,
Amendment 17 #
Motion for a resolution
Recital C c (new)
Recital C c (new)
Cc. whereas the right to bear physical money is a fundamental civil liberty and the abolition of that right would leave whole peoples largely dependent on financial institutions,
Amendment 18 #
Motion for a resolution
Recital C d (new)
Recital C d (new)
Cd. whereas virtual money should be under the control of national authorities and national central banks,
Amendment 25 #
Motion for a resolution
Paragraph 1 – point a
Paragraph 1 – point a
(a) dramatsignificalntly lowering transaction costs for payments and transfer of funds, quite possibly well below 1 %, compared to 2 % - 4 % for traditional online payment systems, and to more than 7 % on average for the cross-border transfer of remittances, hence potentially reducing global total costs for remittances by up to EUR 20 billion; __________________ 21 https://www.eba.europa.eu/documents/101 80/657547/EBA-Op-2014- 08+Opinion+on+Virtual+Currencies.pdf 22 https://remittanceprices.worldbank.org/site s/default/files/rpw_report_december_2015. pdf
Amendment 70 #
Motion for a resolution
Paragraph 6 a (new)
Paragraph 6 a (new)
6a. Notes, however, that neither the ways in which distributed ledgers are used nor the technology behind them have reached maturity: it is not yet possible, for example, to shift all a listed company’s securities from a regulated market to a distributed ledger because the volume of data that needs to be processed is too high – no distributed ledger can, as yet, cope with the sheer volume of data that has to be processed when an issuer launches a complex securities operation;