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.
Latest digital euro News
German politician trying hard to sell parliament on BTC
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.
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.
Bank of Spain backs digital euro to enhance electronic payments
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.
ECB prepares to pick providers as digital euro enters next phase
The preparation phase of the digital euro will formally kick off on November 1 and is projected to last for two years—with a keen focus on finalizing the 'digital euro rulebook.'
ECB inches forward with plans for wholesale CBDC
The European Central Bank explores blockchain technology for CBDC settlements, plans trial in 2024 while progressing toward digital euro with focus on user privacy, inclusion, and commercial bank concerns.
European Central Bank embraces digital euro
Fabio Panetta of the ECB claims the proposed legislation on the region's digital euro would be beneficial to European citizens while keeping the monetary policy on a tight leash to avoid instability.
Digital euro operations in Spain may see greater private inclusion: central bank
Bank of Spain Deputy Governor Margarita Delgado and EU authorities will spearhead the retail side of digital euro through private payment service providers with possible offerings outside eurozone.
Banque de France governor proposes EU-focused DLT network for asset tokenization
Under Banque de France Governor François Villeroy de Galhau's proposal, CBDC, tokenized bank deposits, and other digital currencies may be exchanged for value under one network.
European Commission publishes digital euro bill, gives green light to ECB
The European Commission’s bill underpins the right of every resident in the eurozone to pay for free with the digital euro while protecting user privacy and security.
ECB updates digital euro approach for financial inclusion
The European Central Bank intends to achieve financial inclusion through several initiatives, including providing physical digital euro payment cards, in-person support, and defunding through cash.
Slovakia embeds cash usage in constitution amid digital euro fears
Slovak legislators worry that the digital euro will start out as an alternative but will soon be mandatory, and they fear Slovakia could lose monetary sovereignty.