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EU Plans Digital Euro Bill, Metaverse Policy for May, Commission Says
24.1.2023
The bill is set to underpin a putative new central bank digital currency , financial services commissioner Mairead McGuinness said
ECB executive board member outlines plans for digital euro to European Parliament
23.1.2023
ECB board member Fabio Panetta affirms the ECB’s digital euro privacy policy and says the digital currency will never be programmable, but it may have an app
Digital Euro Will Never Be Programmable, ECB’s Panetta Says
23.1.2023
Some observers have touted restrictions on how people can spend their money as an advantage of a central bank digital currency
Bank of Spain Greenlights Euro-Backed Stablecoin Token Pilot Program
23.1.2023
The Bank of Spain has given approval for the launch of a pilot program involving the issuance and usage of euro-pegged stablecoins. The program, which MONEI, a fintech institution, is launching, will allow users to issue digital euros with fiat deposits in order to experiment with these in payment...
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...
European Finance Ministers Take Stock of Digital Euro Progress
17.1.2023
The Eurogroup, a body comprising the Finance Ministers of Eurozone countries, has made public several views after its meeting to take stock of the progress of the project to investigate the EU's central bank digital currency called the digital euro
EU finance ministers’ group releases statement on political aspects of digital euro
16.1.2023
The Eurogroup confirmed its support for digital euro research and noted that some of the design and use elements under consideration would require political decision making
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...
ECB to Decide Whether to Issue Digital Euro in 2023
24.12.2022
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 with the regulator planning to make a decision whether to proceed to the realization of the project in the fall of 2023....
Digital euro settlement, distribution options detailed in latest progress report
21.12.2022
The ECB is continuing its digital euro investigation with more pieces of the potential system filled in, but no commitment to blockchain technology or even its issuance has been made
Private Banks to Manage Future Digital Euro Wallets, Transactions
21.12.2022
The European Central Bank's progress report on a central bank digital currency outlines the role of financial intermediaries
Bank of Spain to Launch Experimental Wholesale CBDC Digital Token Program
8.12.2022
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 program has no relation with the current investigation on a possible digital euro, and has...
EIB settles €100 million digital bond on private blockchain
29.11.2022
"Unlike some cryptocurrencies using blockchain technology, the EIB's blockchain bond issues do not lead to extensive energy use," the bank wrote
Queen Maxima of Netherlands Sees Multiple Benefits of Digital Euro
10.11.2022
Queen Maxima of the Netherlands has outlined multiple benefits central bank digital currencies (CBDCs) could bring, particularly in the area of financial inclusion. “Governments could use a digital euro to channel financial support to low-income households. This would deepen longer-term...
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....
Queen Máxima of the Netherlands comes out in support of digital euro
7.11.2022
"Let us envision that better future and build a digital euro that works for all Europeans," said the queen in virtually addressing members of the European Commission
Slicing the Elephant: Inside the Design of a Digital Euro
11.10.2022
There are plenty of decisions yet to be made about the landmark CBDC, the head of the ECB’s digital euro project, Evelien Witlox, tells CoinDesk
ECB reports on digital euro validation, privacy one year into investigative phase
29.9.2022
The ECB’s two-year investigative phase is halfway completed, with key use and policy issues clarified; more stakeholder engagement is planned before the decision is made to proceed
EU Lawmakers Attack Amazon’s Involvement in Digital Euro Project
29.9.2022
Cross-party lawmakers cited worries over data privacy and taxation as they demanded a U-turn on the controversial European Central Bank decision to let Amazon participate in the digital euro project
Peer-to-Peer Validation for Digital Euro Might Not Be Feasible, ECB Says
29.9.2022
The central bank will soon start developing its rulebook to enable branding for its new initiative