Category: digital euro

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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ECB President Christine Lagarde Pushes The Use of Digital Euro to Complement Cash

Christine Lagarde, the current president of the European Central Bank (ECB), has once again spoken in favor of the Digital Euro. In her recent interview with the L’ENA hors les murs magazine, Lagarde speaks about the future of money and why digitization is the way ahead. As we enter the digital age, the nature of […]

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ECB President Invites Public Views on Potential Digital Euro

The President of the European Central Bank [ECB] Christine Lagarde requested public views and opinions on a potential central bank digital currency [CBDC] for the eurozone. Describing 2020 as a “difficult year”, Lagarde stated that despite the extraordinary events of the coronavirus crisis, Europe was moving towards a new model for dealing with crises. Her […]

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Ethereum studio ConsenSys to work with SocGen on digital euro experiments

Ethereum studio ConsenSys to work with SocGen on digital euro experiments

Ethereum development studio ConsenSys has been selected by Societe Generale’s blockchain unit Forge to assist in digital euro experiments. Announcing the news on Wednesday, ConsenSys said it would provide technical expertise to Forge, mainly focusing on central bank digital currency (CBDC) “issuance and management, delivery versus payment, and cross-ledger interoperability.” Forge has been working with […]

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ECB board member: Events like natural disasters could spur use of a digital euro

ECB board member: Events like natural disasters could spur use of a digital euro

Fabio Panetta, member of the Executive Board of the European Central Bank, gave a keynote address at the ECB conference discussing pan-European payments and the digital euro. The purpose of Panetta’s address on October 22 was to address transformations in the European digital payment landscape. “The European market is registering significant progress due to the […]

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Bundesbank official: Launching a central bank digital currency is a ‘political decision’

Bundesbank official: Launching a central bank digital currency is a ‘political decision’

During a speech on Tuesday, a member of the German central bank’s executive board described the potential introduction of a Europe-centered digital currency as a “political decision” rather than a wholly technical one. The remarks by Burkhard Balz come as the Eurosystem’s central bankers inch closer to a possible launch of a so-called digital euro. […]

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