Germany’s DekaBank issues digital bond in ECB’s wholesale digital euro trial
DekaBank issued the ‘crypto’ security on its SWIAT blockchain infrastructure, with the buyer—Metzler Bank—making the payment in the wholesale digital euro.
Search Results for: digital euro
ECB issues first digital euro ‘preparation phase’ progress report
The European Union is a step closer to realizing its vision for an EU-wide CBDC with its first comprehensive update, detailing its plans for offline functionality, holding limits and tender process.
Most Germans remain unaware of what digital euro is: poll
Despite a constant push, many Germans still don't know what a digital euro is, with some thinking it's meant to replace cash, and for those who do know, there are worries about an invasion of privacy.
10% of German money could shift into digital euro: Bundesbank
The overall estimate found by Deutsche Bundesbank was that 10% of German money holdings would shift into the digital euro, with bank deposits being hit the hardest.
Bundesbank president: Digital euro ‘won’t be introduced anytime soon’
German central banker Dr. Joachim Nagel says the digital euro won't likely be live before 2028-2029 as Europe continues to iron out roadblocks that prevent the CBDC from being fully established.
Germany’s central bank partners with MIT on digital euro privacy research
Germany is MIT’s fourth central bank partner in a study that will focus on the digital euro, although Bundesbank has speculated there could be other applications.
Dutch Central Bank President praises digital euro, says monetary policy needs ‘to keep up with society’
The Dutch Central Bank President Klaas Knot says digital euro needs “to keep up with society. To pursue strategic autonomy. And to maintain access to public money in a digital world."
ECB announces seven new digital euro rulebook workstreams and calls for expert assistance
The ECB is establishing seven new ‘workstreams’ to develop the digital euro rulebook, and experts in payments infrastructure and architecture were encouraged to apply by April 5.
EU Parliamentary Committee votes in favor of ‘digital euro’ CBDC
EU inches closer to having a CBDC after 48 LIBE members voted in favor of the digital euro, but it likely won't be until June 2024 before a full EU Parliament vote is heard.
European Central Bank seeks feedback on latest draft of digital euro rulebook
The ECB Rulebook Development Group report provides an insight into the technical aspects of the European Union’s central bank digital currency design.
European Central Bank steps up wholesale digital euro trials
The European Central Bank recently held a meeting in which it outlined the themes it’s exploring, including assessing the demand for a wholesale CBDC and the need for atomic payments.
ECB’s Ulrich Bindseil on the next phase of the digital euro project
The digital euro project enters a new phase following the conclusion of the investigatory period, but while the EU inches closer to embracing a CBDC, it's far from being a done deal.