ECB to Decide Whether to Issue Digital Euro in 2023
The European Central Bank (ECB) has published a new report on the progress of its investigation into the possible launch of a digital euro. The research will continue next year…
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Bank of Spain to Launch Experimental Wholesale CBDC Digital Token Program
The Bank of Spain is seeking the collaboration of organizations interested in participating in an experimental test on a wholesale central bank digital currency (CBDC). The institution clarified this new…
EIB settles €100 million digital bond on private blockchain
"Unlike some cryptocurrencies using blockchain technology, the EIB's blockchain bond issues do not lead to extensive energy use," the bank wrote.
Brussels to Put Out Digital Euro Law Shortly, ECB’s Lagarde Says
The European Commission is going to present a legislative proposal for a digital euro in the near future, President of European Central Bank Christine Lagarde has indicated. EU legislators are…
ECB Chooses Amazon and 4 Other Companies to Help Develop Digital Euro
The European Central Bank (ECB) has selected five companies to help develop user interfaces for a digital euro. Each company will work with the ECB and focus on one specific…
Bank of Finland governor says digital euro could facilitate pan-European services to consumers
"An economy dominated by digital payments but without a strong monetary anchor would be inherently unstable," claimed Rehn.
CBDC Could Be ‘Holy Grail’ of Cross-Border Payments, ECB Says, Sees Bitcoin as Less Credible
Several solutions can potentially improve cross-border payments significantly and central bank digital currency (CBDC) could be the “holy grail,” according to the European Central Bank (ECB). In a new report,…
ECB Economists Suggest Limiting Access to Digital Euro to Protect Banks
A group of economists evaluating the potential effects of a digital euro have insisted that restricting access to the upcoming currency is necessary to preserve the current financial system. Their…
ECB’s Lagarde, Panetta See Digital Euro as More Efficient Payment Means Than Crypto
Unbacked cryptocurrencies are not an efficient means of payment and stablecoins are vulnerable to runs, top officials at the European Central Bank have pointed out in a new article making…
ECB Considers Capping Digital Euro in Circulation at 4,000 per Capita, Panetta Reveals
With concerns about financial stability in mind, the European Central Bank (ECB) plans to limit digital euro holdings, according to Board Member Fabio Panetta. The plan is to have a…