Digital euro issuance would be capped at €1.5T, ECB’s Fabio Panetta says
Fabio Panetta says that this would limit the risk of disintermediation of the banking system should the majority of people decide to save with the central bank.
Latest digital euro News
ECB President Christine Lagarde slams digital currencies while backing CBDCs
Christine Lagarde remarked that digital currencies are highly speculative and very risky assets, but backed that the central bank will be behind the digital euro.
ECB publishes privacy options for its planned digital euro
The European Central Bank has published a report presenting the privacy options it is considering in the development of a digital euro under the Eurosystems CBDC program.
European Commission receives 10,000+ comments on digital euro, most in opposition
The comment period has been open for just two weeks, but the comments have been piling up, with Germans dominating and most opposing the digital euro.
European Commission launches consultation on digital euro
The commission wants to hear from finance specialists on their needs and expectations for a digital euro, its role in the economy, privacy protection, and more.
European Commission: Digital euro bill due for early 2023
The European Commission also said that the bill proposed in early 2023 would serve as the legal foundation for the euro central bank digital currency (CBDC).
Bank of France: Digital currency regulations more urgent than CBDC
The deputy governor of the Bank of France addressed the need for DeFi and digital assets regulations and expressed his concerns about CBDC.
Germany’s new government to fully support digital currencies and blockchain
The new government, which replaces former Chancellor Angela Merkel, is committed to digitalizing Germany, including allowing tokenized securities and digital euro.
ECB welcomes 30 members to new digital euro advisory group
Appointed members of the Digital Euro Market Advisory Group will advise on matters relating to the development of a digital euro and work on behalf of the Eurosystem.
Digital euro project adds Italian payments provider Nexi
Nexi is one of the biggest payments companies in Europe, the company offers payments services for other banks while also providing services for merchants and digital banking groups.
‘No guarantees’ on digital euro, ECB advisor says
Jürgen Schaaf said the test phase is still in trial for the technology and banks would experiment with digital currency to determine whether to roll out its central bank digital currency more widely.
Bank of Estonia discovers unlimited potential in digital euro pilots
Eesti Pank announced it had discovered a “novel blockchain-based solution could in theory support almost unlimited numbers of payments being processed at the same time.”