Denmark’s central bank dismisses need for CBDC despite dip in cash usage
The governor of Danmarks Nationalbank says that a dip in cash usage recently doesn’t signal a loss in trust in central bank money, nor the need for a CBDC.
Latest digital euro News
Italian banks support digital euro, but express concern over bank disintermediation
The Italian Banking Association wants a programable digital euro—which the European Central Bank is against—as long as it complements existing commercial bank instruments.
German banks want commercial banks to lead in digital euro launch
Amid the risks, the Association of German Banks recognized the benefits of the digital euro, urging the ECB to allow commercial banks to lead the launch due to their expertise in the financial sector.
ECB touts digital euro benefits: ‘A payment solution for any occasion at any time’
In a new document, the European Central Bank breaks down the incentives and compensation of the digital euro, saying it combines digital payments with cash.
ECB seeking stakeholder input on the digital euro rulebook
The European Central Bank officially opened the application for those interested in joining the Rulebook Development Group, with the application deadline set for January 20.
Germany’s DZ Bank to offer custodial services for the digital euro, other virtual assets
Seeking to address client demands amid soaring digital asset adoption rates, DZ Bank will offer custody services from scratch that will be closely affiliated with wholesale CBDCs.
European Central Bank recruits Amazon, 4 other firms to test digital euro
Five fintech firms were selected for a special collaboration with the European Central Bank, which will see them test the digital euro, opening a pathway for fast and inexpensive payment methods.
Bank of Finland governor stresses digital euro’s importance in transforming monetary landscape
Olli Rehn backs the ECB's planned digital euro, betting that the move will create opportunities for innovation and act as an anchor to maintain monetary stability as more people lose trust in cash.
CBDCs key to maintaining monetary system in digital age: ECB research
Despite disadvantages, consumers are willing to adopt CBDCs in exchange for small rewards, according to an ECB paper, which also noted digital currencies keep the monetary system in check.
Bank of France governor announces phase 2 of digital euro development
François Villeroy de Galhau, governor of the Banque de France, said the second phase would see four or five experiments carried out on the digital euro platform.
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.
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.