Category: digital euro

Amid Inflation Crisis, Turkey Plans to Issue Its CBDC Digital Lira In Two Years

Amid highly rising inflation and with the Turkish Lira losing value against the USD, the country is now looking for a digital alternative to its national currency. Drawing a leaf from China’s CBDC move, Turkey is all set to launch its Digital Lira in the next two years. On Wednesday, local news agency Sabah published […]

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ECB official floats idea for limits on digital euro holdings to discourage hoarding

Officials at the European Central Bank have said in recent weeks that they continue to assess all the factors behind a potential launch of a digitized version of the euro. Among those areas of consideration: the potential effect a digital euro might have on the integrity of the European banking system — and how a […]

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ECB’s Lagarde says technology questions remain for a potential digital euro

ECB’s Lagarde says technology questions remain for a potential digital euro

As Eurosystem officials weigh the creation of a wholly digitized version of the euro, one area of debate — the actual technological underpinnings of such a currency — have yet to be answered. ECB head Christine Lagarde spoke to this area of continued inquiry during remarks on January 21, during which she talked about the […]

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BIS Innovation Hub to Build and TesT PoC Platform for Cross-Border CBDC Settlements

The Bank of International Settlements’ Innovation Hub is looking to take further CBDC developments. The BIS Innovation Hub is developing a proof-of-concept (PoC) platform that explores the use of central bank digital currencies (DBDCs) in cross-border payments. The BIS, the global financial institution owned by central banks worldwide, has listed CBDCs as one of the […]

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Analyzing Christine Lagarde’s latest digital euro comments

Analyzing Christine Lagarde’s latest digital euro comments

Quick Take The Governing Council of the European Central Bank (ECB) recently met to discuss the latest monetary policy updates for the eurozone.  During the subsequent press conference, ECB President, Christine Lagarde was asked a question about the digital euro, specifically why the digital euro is good for citizens of the European Union (EU)?  The […]

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ECB: Digital euro survey participants cite privacy, security as key elements

ECB: Digital euro survey participants cite privacy, security as key elements

The European Central Bank said that its public consultation on a proposed digital euro generated more than 8,000 responses.  The online consultation began on October 12 and concluded on Tuesday, according to a statement published today. Full analyses of the findings will be published in spring, prior to when the ECB Governing Council will decide […]

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ECB President Believes Bitcoin is Speculative, Digital Euro in Next 5 Years

Christine Lagarde, the European Central Bank president in his recent talk at Reuters Next conference has deemed Bitcoin as a speculative asset that plays with investors’ psychology. Lagarde’s comments came during his talks about the role of sovereign digital currencies issued by national banks. She noted that a digital Euro is quite a possibility in […]

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ECB Governing Council highlights potential for ‘new business models’ if a digital euro is introduced

ECB Governing Council highlights potential for ‘new business models’ if a digital euro is introduced

No firm decision has been made on whether Europe will move forward with a digitized version of the euro. But a new statement from the European Central Bank (ECB) leadership suggests that the institution is eyeing the potential market implications of such a move. The Governing Council is the primary decision-making body within the ECB. […]

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Bank of France official: CBDC trials could lead to regulatory changes

Bank of France official: CBDC trials could lead to regulatory changes

France’s central bank began to experiment with central bank digital currency (CBDC) applications and use cases this spring.  As previously reported, the Banque du France is specifically testing a so-called digital euro in the context of clearing and settlement of tokenized assets. And at the time, the central bank stressed that such experiments were just […]

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ECB’s Lagarde strikes bullish tone on digital euro, says stablecoins ‘pose serious risks’

ECB’s Lagarde strikes bullish tone on digital euro, says stablecoins ‘pose serious risks’

Stablecoins “pose serious risks” according to Christine Lagarde, the head of the European Central Bank. Her comments — which touched on the intersection of payments and technology — from November 30 come as the European Union moves closer toward approving the eventual creation of a wholly digital euro. Lagarde previously indicated that a yes-or-no decision […]

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