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Privacy Fears Undermine Support for Digital Euro in Germany
18.8.2024
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 digital currency, with about half unable to imagine using it. Bundesbank President Joachim Nagel...
ECB Publishes Digital Euro’s First Progress Report
26.6.2024
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 for both online and offline payments, aiming to provide users with a cash-like level...
Study: Half of Surveyed Germans ‘Imagine Using a Digital Euro as an Additional Payment Option’
5.6.2024
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 revealed that some three-quarters of the respondents view the “aspect of privacy in connection with the use...
iPhone Currently Not Compatible with Digital Euro: ECB Board Member
24.4.2024
An ECB executive board member wants Apple to change how iPhone payments work to support a potential digital euro. He claims the tech giant's current system may not support offline payments for any European Central Bank digital currency.
The post iPhone Currently Not Compatible with Digital Euro:...
ECB Addresses Banking Industry’s Concerns on Digital Euro
20.2.2024
The ECB responded to concerns from financial institutions on fears regarding disintermediation with the evolution of a digital euro.
The post ECB Addresses Banking Industry’s Concerns on Digital Euro appeared first on Cryptonews
The Road to Digital Euro: ECB Publishes Crucial Rulebook Draft
4.1.2024
Source: Adobe/Christian The European Central Bank (ECB) has unveiled progress in the development of the digital euro, with the publication of a report detailing the advancements made by the digital euro scheme’s Rulebook Development Group (RDG). The update follows a June 2023 report from...
Digital Euro Isn't Pressing, but Work Should Continue: Spanish Central Bank Governor
22.11.2023
Europe's "highly efficient" payment systems leave space to address social and financial concerns of a central bank digital currency, Pablo Hernández de Cos said
Central Bank of Spain Embraces Digital Euro, Highlights Benefits for Customers
25.10.2023
Banco de España, Spain’s central bank, is aligning with its European counterparts to introduce their customers to the possibilities of the digital euro, a central bank digital currency (CBDC).In a move that signals the central bank’s proactive stance, a brief document was released...
Data Protection Bodies Call For ‘Privacy Threshold’ in Digital Euro Transactions
21.10.2023
Ensuring low-value digital euro transactions are not traced is one of the recommendations made by two data protection agencies in the EU. The independent bodies have presented their joint opinion on the proposed regulation for the upcoming digital version of Europe’s common fiat currency....
Italy’s Cipollone Defends Digital Euro as He Seeks ECB Role
9.10.2023
Remarks at a parliamentary hearing suggest no digital currency swerve when Fabio Panetta steps down in November
Digital Euro at Least 2 Years Away, ECB’s Lagarde Says
25.9.2023
The central banker said she wanted to address “conspiracy theories” about government snooping
ECB Official Shares Digital Euro Progress, Concerns Over Paypal’s Stablecoin
7.9.2023
European Central Bank (ECB) executive board member Fabio Panetta has warned about stablecoins issued by private providers, such as Paypal. He also provided an update on the progress of the digital euro. “At the ECB, our investigation phase is now in its final stage, preparing the ground...
European bankers on digital euro: 'ECB has no interest in users’ personal data'
28.4.2023
While anonymity still stands as the core issue of European CBDC, the inevitable competition with private banks also raises questions
ECB’s Panetta Reinforces Digital Euro Focus on Payments
26.4.2023
Fabio Panetta, a member of the executive board of the European Central Bank (ECB), announced the digital euro project was entering its final phase. Before the committee on economic and monetary affairs of the European Parliament, Panetta stated that the digital euro, if approved, would be focused...
Lawmakers Could Still Nix Digital Euro, ECB’s Panetta Says
24.4.2023
The ECB wants the CBDC to be universally accepted, and usable by those without bank accounts, the central banker said
Despite Using Euro, Montenegro to Develop Own Digital Currency With Ripple
13.4.2023
Montenegro intends to create and issue its own digital currency with help from U.S.-based crypto company Ripple. The Southeast European nation, which adopted the euro unilaterally, is moving to realize the plan despite the eurozone developing a digital version of the common currency. Monetary...
Digital Euro Key for European Payment Autonomy, ECB President Lagarde Says
24.3.2023
The digital euro has an important role in preserving the payment autonomy of Europe, the head of the eurozone’s monetary authority emphasized. The new currency, which is still under development, is meant to be sovereign and safe, cheap and widely available, Christine Lagarde assured during...
Eurozone Finance Ministers Pledge Support for Digital Euro Project, Talk Privacy
19.1.2023
The ministers of finance of the countries in the eurozone reaffirmed their support for efforts to prepare for the potential launch of a digital euro. Meanwhile, the single currency area’s monetary authority sought to reassure future users that the new currency will be “preserving privacy by default...
ECB’s Fabio Panetta: Unbacked Cryptos Are a ‘Vehicle for Gambling’ Lacking ‘Intrinsic Value’
6.1.2023
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. In an opinion piece, Panetta states that while cryptocurrency regulation is a good answer...
Brussels to Put Out Digital Euro Law Shortly, ECB’s Lagarde Says
10.11.2022
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 expected to define the new currency’s legal tender status and determine its privacy features....