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Nalezeno "EU euro": 635

ECB Raises Interest Rates by 25bps Amid ‘Too High’ Inflation, ‘No Pause,’ Lagarde Says

5.5.2023
The European Central Bank (ECB) raised its key interest rates by 25 basis points, slowing the pace from previous increases. However, as inflation in the euro area remains persistently high, future rate hikes may still be expected with the regulator insisting it will continue to seek a “timely...

Liechtenstein adapts blockchain laws to developing crypto landscape

1.5.2023
Future regulation is intended to ensure uniform regulation for all European countries and covered participants

Economist Predicts Shift to Tripolar Reserve Currency World — Yuan, Euro to Disrupt US Dollar’s Dominance

30.4.2023
Economist Stephen Jen, a former Morgan Stanley managing director, expects a shift “from a unipolar reserve currency world to a multipolar world,” with the Chinese yuan, the euro, and the U.S. dollar forming a “tripolar” reserve currency configuration. ‘A Multipolar World’ Economist...

Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts

29.4.2023
A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend coincides with declining demand for U.S. dollar and euro deposits amid currency restrictions that triggered a flight of funds to bank accounts abroad. Demand for Dollar, Euro...

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 Probes Decentralized Settlement for Wholesale Financial Markets

28.4.2023
Euro regulators are looking again at their centralized settlement systems in seeking to keep pace with digital innovation as they explore central bank digital currencies

‘Not the Right Time to Stop’ Rate Hikes, ECB Chief Economist Says

27.4.2023
Current indicators suggest the European Central Bank (ECB) should raise the interest rate in May, the monetary authority’s chief economist said. Future increases will depend on the economic data but this is still not the right time to stop, according to Philip Lane who believes the bank has...

BRICS Currencies to Have No Alternative, Former Russian President Medvedev Says

27.4.2023
Fiat currencies of BRICS member states will have no alternative in the future, according to former President of Russia Dmitry Medvedev. Nations in the bloc need to think about their digital forms and a digital currency issued by the group as a whole, the Russian politician said. Ruble, Yuan, Other...

Don’t Cap Digital Euro Holdings, European Parliament Study Says

26.4.2023
The paper turns on its head conventional wisdom that limits are needed to avoid supplanting the banking system

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...

ECB President Lagarde on De-Dollarization: Reserve Currency Status Should No Longer Be Taken for Granted

26.4.2023
European Central Bank (ECB) President Christine Lagarde has warned that the U.S. dollar’s reserve currency status “should no longer be taken for granted.” Acknowledging de-dollarization efforts by various countries, she stressed: “New trade patterns may have ramifications...

European Central Bank: Digital Euro to Offer 'Maximum Privacy,' Though Not as Much as Cash

25.4.2023
A new central bank digital currency (CBDC) in Europe would be designed with privacy in mind, although it would never be as private as cash is, according to a European Central Bank (ECB) official. Speaking before the European Parliament’s Committee on Economic and Monetary Affairs on Monday,...

ECB considers digital euro access, distribution in third design progress report

24.4.2023
The digital euro, if it is created, will be available to Eurozone users first through familiar onboarding procedures

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

Societe Generale Subsidiary Launches Euro Stablecoin, but Faces Criticism Over Smart Contract Issues

21.4.2023
According to Societe Generale-Forge (SG-Forge), a regulated subsidiary of Societe Generale Group, the company has launched a stablecoin pegged to the euro and issued on the Ethereum blockchain. During the launch announcement, SG-Forge’s CEO stated that a stablecoin “built under a robust...

Ethereum Price Prediction as European Financial Firm Launches Euro Stablecoin on Ethereum Blockchain – ETH to $10,000 in 2023?

21.4.2023
The Ethereum price has fallen by 1.5% in the past 24 hours, as the cryptocurrency market suffers a similar 2% fall in the same period. At $1,920, ETH is also down by 4.5% in the last week, yet remains up by 6% in the last 30 days and by 60.5% since the beginning of the year. Despite today's fall...