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Europe faces mounting pressure to secure its financial future as reliance on U.S. and Chinese payment giants grows, with China’s digital currency threatening dominance. Europe Risks Payment Dependence on China…
While the European Central Bank is studying the possible issuance of a Europe-wide CBDC, the digital euro, not all Europeans are fully behind this idea. Germany is particularly concerned about…
Skepticism about the digital euro is strong in Germany, especially among older citizens who prioritize privacy and security in financial transactions. Many Germans remain resistant to the idea of a…
The European Central Bank (ECB) has published its first progress report on the digital euro preparation phase, highlighting key design features and ongoing developments. The report emphasizes high privacy standards…
The president of Germany’s central bank has highlighted the ongoing debate about the holding limit for the digital euro, Europe’s central bank digital currency (CBDC). He noted that recent Bundesbank…
A new report has found that half of Germans who participated in a survey study can “imagine using a digital euro as an additional payment option.” However, the study also…
Joachim Nagel, President of the Deutsche Bundesbank and Member of the Governing Council of the European Central Bank (ECB), has raised concerns about central banks’ business model. “If part of…
Joachim Nagel, President of the Deutsche Bundesbank, praised the privacy traits a hypothetical upcoming digital euro would possess. During a speech, Nagel specified that the Eurosystem would have “no interest”…
The Digital Euro Association (DEA) has entered into a partnership with the HBAR Foundation. This collaboration aims to bolster its comprehension of central bank digital currencies (CBDCs) and stablecoins. Although…
Fabio Panetta, part of the Executive Committee of the European Central Bank (ECB), believes that unbacked cryptocurrency assets are vehicles for gambling without intrinsic value, which need to be regulated.…