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Digital Euro to Handle ‘Almost Unlimited’ Payments, Estonian Central Bank Says After Test
28.7.2021
A blockchain-based digital euro would be highly scalable allowing it to process an almost unlimited number of payments, the central bank of Estonia has concluded following a recent experiment. Central banks from several euro area countries and the ECB participated in the test, which also professed...
Future of Digital Euro ‘Not Clear Yet,’ Former Eurogroup Official Says
22.7.2021
Europe’s digital currency project has made some progress recently, with the Eurozone’s central bank moving to its next stage. Critics point, however, to the continuing lack of clarity around the design and purpose of the digital euro after a decade-long delay, if cryptocurrency is taken...
Digital Euro Project Gets Going as ECB Launches Investigation Phase
15.7.2021
After months of deliberation, the European Central Bank has decided to proceed with a digital euro project. Officials insist the new version of Europe’s common currency should “ensure privacy” and provide access to “the safest form of money” at...
Bank of France, Swiss Crypto Bank Test Securities Settlement Using CBDC
23.6.2021
The Bank of France has successfully completed an experiment involving the use of CBDC to settle listed securities. The test has been carried out with the help of an alliance of partners led by SEBA Bank, a digital asset banking provider based in the Swiss crypto valley. Central Bank and Crypto...
Privacy Is Key for Successful Digital Euro, Data Protection Body Says
22.6.2021
The European Data Protection Board (EDPB) has issued a call for EU institutions to uphold privacy when designing a digital version of the euro. The agency is ready to provide advice on data protection matters surrounding the project. Meanwhile, an ECB executive has vowed that the digital euro will...
Digital euro offers better privacy protections than private stablecoins: ECB official
21.6.2021
Unlike private companies, the ECB has “no commercial interest” in monetizing users’ data, the ECB executive board member argued
ECB: Digital Euro to Boost Global Appeal of European Money, Fight ‘Artificial Currencies’
4.6.2021
The digitization of traditional currencies like the euro has the potential to increase their international appeal, the European Central Bank says in a new report. A failure to offer a digital currency would endanger financial stability, ECB warns. The regulator is concerned about the prospect...
European Union to Release Digital Wallet for Payments Next Year
3.6.2021
The European Union (EU) will launch a digital wallet allowing citizens of any country in the bloc to make payments and access services provided by each state, also allowing for the storage of digital ID information. The wallet, which will reportedly be launched next year, could be tied in with...
ECB says digital euro may be needed to combat 'artificial currencies'
3.6.2021
The ECB’s annual euro report stressed that a digital euro may be needed to fight off the threat of “artificial currencies” from “foreign tech giants.”
ECB Deepens Analysis of Digital Euro, Decision Expected by Mid-Year, VP Confirms
4.5.2021
Faced with challenges on many fronts, the European Central Bank is now deepening the analysis of how to digitalize its currency. A decision on whether to issue a digital euro, which has the potential to become a major CBDC, is expected around mid-2021, a high-ranking official of the central bank...
100M euro digital bond was a CBDC test, says Banque de France
30.4.2021
European financial institutions are using pilots to make a case for the digital euro
ECB leader floats 3K threshold for digital euro holdings
9.2.2021
The central bank said it will reach a decision on releasing a digital euro "towards the middle of 2021."
European Commission, ECB Unite to Consider Potential Pitfalls of the Digital Euro
20.1.2021
The digital euro project may get underway in mid-2021 after a period of reviewing any "policy, legal and technical questions" by the two institutions
Italian Banking Association launches experimental digital euro project
6.1.2021
The Italian Banking Association, ABI, is conducting digital euro tests as the European Central Bank is yet to make a clear decision on a central bank digital currency
Bank of France’s Deputy Governor Discusses CBDC Progress, Regulatory Changes
12.12.2020
The Bank of France’s deputy governor said there has been a “hands-on approach” with the bank’s experiment to launch a digital euro for the general public
Mass Adoption of a Digital Euro Could Be a ‘Clear Negative’ for Europe’s Banks: BofA
9.12.2020
A Bank of America report on a possible mass-adopted digital euro noted that such movement could spell difficulty for commercial banks that could see some of their deposits migrate to the European Central Bank
Consideration phase for digital euro to go well into 2021, says ECB exec
7.12.2020
The decision on how to launch a digital euro could still be a long time coming
EU will decide on digital euro in January 2021: ECB president
12.11.2020
“At that point in time we will make the decision as to whether or not we go forward with the digital euro.”
ECB’s Lagarde Has ‘Hunch’ Digital Euro Will Launch in 2-4 Years
12.11.2020
ECB President Christine Lagarde says the impetus for a central bank digital currency could come from the need to facilitate cross-border finance
Bank of Spain to Weigh Digital Currency Design Proposals, ‘Implications’ Through 2021
16.10.2020
The "priority" research comes as Spain weighs a global pivot to digital economies