The European Central Bank (ECB) has taken a significant step toward the development of a Digital Euro, marking the transition from the investigation phase to the preparation phase. This move is rooted in the findings of a thorough investigation launched by the Eurosystem in October 2021. The investigation aimed to explore the design and distribution […]
European Central Bank
Digital Euro Gains Support From Netherland’s Queen Máxima
The work the European Central Bank has accomplished in its efforts to introduce a digital euro has been commended by Queen Maxima of the Netherlands. On 7 November 2022, the queen gave a virtual speech at a European Commission conference with the theme “Towards a legislative framework enabling a digital euro for citizens and for businesses.” […]
European Central Bank official Fabio Panetta comments on the digital euro
The Digital euro has been in talks for months, and recently, the European Central Bank executive Fabio Panetta commented on the creation and development of a central bank digital currency (CBDC) in Europe. Panetta claims that the digital euro’s success is a must, but it should not be so successful and popular that it puts […]
European Central Bank Takes Major Step Towards Crypto Adoption- Plans to Trademark “Digital Euro”
The world of cryptocurrencies has come a long way since the first Bitcoin was first created by Satoshi Nakamoto. From being considered as a fringe asset class, cryptocurrencies were now being integrated into national government frameworks. Latest reports from the European Central Bank revealed that the body was in the process of trademarking the term […]
End Of Libra? European Union Demands Severe Regulations On Stablecoins
Even though cryptocurrencies were rolled out to veer away from the shackles of centralized institutions, over the years several authorities from across the world have attempted to regulate the crypto industry. The members of the European Union seem to be the latest ones to be making news over the same. ‘Only ECB Is Allowed To […]
Proposed Pan-Europe Crypto and Digital Finance Regulation Framework to Boost Crypto Assets Growth
According to a recent report by the financial news agency IFC Review, the European Commission, the law-making arm of the European Union, is concluding the first-ever crypto and digital finance regulatory structure proposed by Europe. The pan-European structure is intended to strengthen the development of crypto assets in the long run. If the regulation is […]
Greek Ex Finance Minister Yanis Varoufakis: “Bitcoin will Make Capitalism Uglier, Nastier and More Dangerous for Humanity.”
In Greece, the former finance minister, Yanis Varoufakis, came forward and voiced his sentiments about the world’s leading cryptocurrency. By an open letter published on July 27, Yanis Varoufakis stated that Bitcoin’s substitution as fiat currency would not be a good idea, since the crypt would only make “capitalism uglier, nastier and more dangerous for […]
Italian Banks Express Desire to Test Digital Euro
According to the recent report, Italian banks have expressed their desire to explore the European Central Bank Digital Currency. The Italian Banking Association (ABI), composed of 700 financial institutions, wants to accelerate the general implementation of the CBDC, which is backed by the European Central Bank ( ECB). In regards, ABI has also handed out […]
European Central Bank to not Release a CBDC Anytime Soon
Many of those who expected the European Central Bank (ECB) to follow China’s model would be disappointed to hear that the financial institution has no plans to launch a native Digital Currency Central Bank [CBDC]. The official publication claimed that there were several reasons why the CBDC was not needed at this time and provided […]
The French Bank is Planning an Experimental Program on Central Bank Digital Currency
Several countries have already begun or finished testing their Central Bank Digital Currencies across the world. The French Central Bank has recently revealed that it is looking to test the CBDC for inter-bank settlements. The Central Bank has invited all interested parties to submit their applications. According to a document published by the Bank of […]