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Future of Digital Euro ‘Not Clear Yet,’ Former Eurogroup Official Says
22.7.2021
Europe’s digital currency project has made some progress recently, with the Eurozone’s central bank moving to its next stage. Critics point, however, to the continuing lack of clarity around the design and purpose of the digital euro after a decade-long delay, if cryptocurrency is taken...
Digital Euro Project Gets Going as ECB Launches Investigation Phase
15.7.2021
After months of deliberation, the European Central Bank has decided to proceed with a digital euro project. Officials insist the new version of Europe’s common currency should “ensure privacy” and provide access to “the safest form of money” at...
ECB is looking to design a digital euro more energy-efficient than Bitcoin
14.7.2021
The underlying architecture of the digital euro will be designed to have a negligible environmental footprint compared to Bitcoin and other crypto-assets
ECB Starts Digital Euro Project With Two-Year Investigation
14.7.2021
The European Central Bank (ECB) has just announced that Eurosystem has formally launched its central bank digital currency (CBDC) project to prepare "for the possible issuance of a digital euro."
The Governing Council of the ECB has decided today to launch the investigation phase of...
The digital euro: Something Europe can’t afford to get wrong
4.7.2021
To become a global digital leader, Europe needs a diverse and competitive digital ecosystem
Demand for digital euro not yet clear, says BBVA exec
28.6.2021
The European Central Bank should rely on public-private cooperation for issuing a digital euro, an exec at BBVA’s digital regulation team said
Bank of France, Swiss Crypto Bank Test Securities Settlement Using CBDC
23.6.2021
The Bank of France has successfully completed an experiment involving the use of CBDC to settle listed securities. The test has been carried out with the help of an alliance of partners led by SEBA Bank, a digital asset banking provider based in the Swiss crypto valley. Central Bank and Crypto...
Privacy Is Key for Successful Digital Euro, Data Protection Body Says
22.6.2021
The European Data Protection Board (EDPB) has issued a call for EU institutions to uphold privacy when designing a digital version of the euro. The agency is ready to provide advice on data protection matters surrounding the project. Meanwhile, an ECB executive has vowed that the digital euro will...
Digital euro offers better privacy protections than private stablecoins: ECB official
21.6.2021
Unlike private companies, the ECB has “no commercial interest” in monetizing users’ data, the ECB executive board member argued
Spanish Deputies File Proposal to Accelerate the Creation of a Digital Euro
19.6.2021
A group of Spanish deputies filed a proposal that seeks to accelerate the implementation of a digital euro. The proposal, presented on June 8, asks for the creation of a group to study the implementation of a digital currency in the Eurozone. This study group, if created, would be aided by the Bank...
Digital euro could drain 8% of bank deposits, Morgan Stanley says
16.6.2021
Banks in smaller countries like Latvia, Estonia and Greece could be impacted harder by the digital euro, analysts said
ECB: Digital Euro to Boost Global Appeal of European Money, Fight ‘Artificial Currencies’
4.6.2021
The digitization of traditional currencies like the euro has the potential to increase their international appeal, the European Central Bank says in a new report. A failure to offer a digital currency would endanger financial stability, ECB warns. The regulator is concerned about the prospect...
European Union to Release Digital Wallet for Payments Next Year
3.6.2021
The European Union (EU) will launch a digital wallet allowing citizens of any country in the bloc to make payments and access services provided by each state, also allowing for the storage of digital ID information. The wallet, which will reportedly be launched next year, could be tied in with...
ECB says digital euro may be needed to combat 'artificial currencies'
3.6.2021
The ECB’s annual euro report stressed that a digital euro may be needed to fight off the threat of “artificial currencies” from “foreign tech giants.”
ECB Deepens Analysis of Digital Euro, Decision Expected by Mid-Year, VP Confirms
4.5.2021
Faced with challenges on many fronts, the European Central Bank is now deepening the analysis of how to digitalize its currency. A decision on whether to issue a digital euro, which has the potential to become a major CBDC, is expected around mid-2021, a high-ranking official of the central bank...
Digital euro's privacy promise not worth a centralized system, Oasis exec says
4.5.2021
A former Apple executive believes the European Central Bank might just be paying lip service to the concept of privacy in relation to a digital euro
100M euro digital bond was a CBDC test, says Banque de France
30.4.2021
European financial institutions are using pilots to make a case for the digital euro
ECB endangers itself by waiting around on digital euro, says ConsenSys exec
16.4.2021
"Who’s gonna use the euro in its current form? There are gonna be so many choices" said ConsenSys South Africa lead Monica Singer
Goldman Sachs Wants To Go Digital + More News
14.4.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Banking news
US-based investment giant Goldman Sachs plans to build a digital bank but, at the moment, it is not focused on providing a crypto...
European Central Bank releases results of digital euro consultation
14.4.2021
Privacy concerns regarding the digital euro abound as the European Central bank test the waters for a central bank digital currency