Auto Added by WPeMatico

Central Banks of France and Switzerland announce successful trial of digital Euro, Swiss Franc

Although the project was a success, the central banks warned that significant rulebooks, contingency procedures and monitoring capabilities were needed to ensure the success of a CBDC.

Continue ReadingCentral Banks of France and Switzerland announce successful trial of digital Euro, Swiss Franc

Digital Euro Should Be Attractive But Not ‘Too Successful,’ ECB’s Panetta Says

The digital euro should be an attractive means of payment but its design should prevent it from becoming so successful as a store of value that it threatens banks and…

Continue ReadingDigital Euro Should Be Attractive But Not ‘Too Successful,’ ECB’s Panetta Says

BIS Asks Central Banks to Urgently Develop CBDCs to Compete With Crypto Assets

The head of the Bank of International Settlements (BIS) Innovation Hub, Benoît Cœuré, has urged central banks to act now on central bank digital currencies (CBDCs) to compete with initiatives…

Continue ReadingBIS Asks Central Banks to Urgently Develop CBDCs to Compete With Crypto Assets

ECB Officially Starts to Investigate Digital Euro — Development Could Begin in 2 Years

The European Central Bank (ECB) says it is “starting to investigate” a digital euro by launching a two-year investigation. ECB President Christine Lagarde believes the ECB should be ready to…

Continue ReadingECB Officially Starts to Investigate Digital Euro — Development Could Begin in 2 Years