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.
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.
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."
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 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.
While the EU remains behind in AI adoption compared to other economic powerhouses, the region leads in blockchain adoption, launching various initiatives and regulations to strengthen its game.
Acknowledging the potential of state-backed digital currencies, Spain pushes through with its initiative to develop its wholesale CBDC infrastructure and dig deeper into the possibility of atomic settlements for bond issuance.
The ECB Rulebook Development Group report provides an insight into the technical aspects of the European Union’s central bank digital currency design.
The central banks of Italy and South Korea have signed a memorandum of understanding for a central bank digital currency cooperation and to also strengthen their partnership on ICT and payment systems.
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.
Bundestag's Joana Cotar argues that BTC is a better alternative to cash than a CBDC, citing the possibility of regulators to heavily monitor the digital euro and misuse data.
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.
As the European Union makes headways in its CBDC exploration, Spain formally voices its support for the digital euro, which it says would help build trust and financial independence in the digital realm.