The digital euro is a solution in search of a problem, according to the report, noting that the central bank digital currency would have disruptive effects the European Central Bank isn’t ready for.
The Minister of Finance in Bulgaria told Bloomberg that the government is in talks with the central bank and some stakeholders on the viability of the move.
U.S. digital asset exchange Bittrex Global has announced it will open trading on a EUR-BSV pair starting at the end of March.
Monty Munford believes that Europe hasn’t handled cryptocurrencies all too well, describing the proposed digital euro as ECB’s unnecessary effort to ‘look cool’.
The Finnish government also emphasizes in its paper that an EU-wide framework for crypto should be adopted by financial regulators in order to ensure all countries are on the same page.
The currency will be backed by several fiat currencies from different parts of the world, but adds that there won’t be any support for China’s yuan.
Globitex has announced the launch of its EURO wallet on February 13, which will allow users to receive and make payments on a personal IBAN account like in any EUR bank account.
Protests in France are becoming a common occurrence. The number of active “Yellow Vests,” as they’re called for the vests they wear, has dropped slightly, but the protests themselves haven’t.
Malta-based startup Stasis has announced the launch of a new stablecoin, backed pound for pound by the Euro, in one of the first cryptocurrencies of its kind to be pinned to a major global currency.
Binance is working with authorities to get the necessary license in order to start exchanging cryptocurrencies to Euros.
