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Eurosystem Approves New Oversight Framework Concerning Crypto Services
23.11.2021
The monetary authority of the euro area, the Eurosystem, has introduced a new framework for overseeing electronic payments, including services related to crypto assets. The new set of rules will complement upcoming EU regulations for cryptocurrencies and stablecoins. ECB Aims for Secure...
ECB Publishes New Oversight Framework, Set to Include Stablecoins
23.11.2021
The European Central Bank (ECB) has published a new oversight model for the PISA framework that covers electronic payment instruments, schemes and arrangements, aiming to introduce more safety and efficiency into the current and future payments ecosystem. The latest move complements the European...
Digital Euro Should Be Attractive But Not ‘Too Successful,’ ECB’s Panetta Says
7.11.2021
The digital euro should be an attractive means of payment but its design should prevent it from becoming so successful as a store of value that it threatens banks and private money, according to Fabio Panetta, a high-ranking executive at the European Central Bank. Panetta stressed that both this...
European Central Bank announces digital euro advisory group members
27.10.2021
The group consists of 30 high-ranking financial professional from organizations including BBVA, CRIF and Stripe, among other
ECB Appoints Advisory Group for Digital Euro Project
27.10.2021
The European Central Bank (ECB) has appointed an advisory group for the digital euro project. Called the Digital Euro Market Advisory Group, it was founded with 30 members from business backgrounds. The council will have a say in the design, distribution, and value that this new digital currency...
Italian Payments Giant Nexi Involved in Digital Euro Project
24.9.2021
Nexi, a leading European payments company, is reportedly giving advice to the European Central Bank (ECB) related to the digital euro project. The announcement was made by Nexi’s CEO Paolo Bertoluzzo, who also gave his opinion about the future of central bank digital currencies (CBDC)...
ECB President Christine Lagarde Insists Cryptos Are Not Currencies, Calls Them Highly Speculative, Suspicious
17.9.2021
The president of the European Central Bank (ECB), Christine Lagarde, says cryptos are not currencies, adding that they are “highly speculative, suspicious occasionally, and high intensity in terms of energy consumption.” She also discussed the need for stablecoin regulation...
BIS Asks Central Banks to Urgently Develop CBDCs to Compete With Crypto Assets
12.9.2021
The head of the Bank of International Settlements (BIS) Innovation Hub, Benoît Cœuré, has urged central banks to act now on central bank digital currencies (CBDCs) to compete with initiatives in the private sector, including cryptocurrencies. “CBDCs will take years to...
ECB Officially Starts to Investigate Digital Euro — Development Could Begin in 2 Years
7.9.2021
The European Central Bank (ECB) says it is “starting to investigate” a digital euro by launching a two-year investigation. ECB President Christine Lagarde believes the ECB should be ready to respond to people’s demands for digital currencies and come up with a European-based...
Stablecoins are assets — not currencies, says ECB president
2.9.2021
“Stablecoins are pretending to be a coin, but in fact it’s completely associated with an actual currency,” said Christine Lagarde
ECB Vice President States Crypto Should Be Regulated Like Other Assets
30.8.2021
European Central Bank (ECB) Vice President Luis De Guindos has stated he wants cryptocurrencies to be subject to the same rules that other assets are. The statements were offered in a presentation given as part of the summer courses offered by the European Parliament, where De Guindos declared...
Digital Euro to Handle ‘Almost Unlimited’ Payments, Estonian Central Bank Says After Test
28.7.2021
A blockchain-based digital euro would be highly scalable allowing it to process an almost unlimited number of payments, the central bank of Estonia has concluded following a recent experiment. Central banks from several euro area countries and the ECB participated in the test, which also professed...
BlockFi's Battle, 'Transitory' ECB, Hot Q2, EIP-1559 NFTs + More News
22.7.2021
Zac Prince, CEO and Co-founder of BlockFi. Source: a video screenshot, Youtube, Bitcoin Archives
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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...
Spanish Congress Passes Antifraud Law: Users Will Have to Disclose Crypto Holdings Inside and Outside Spain
7.7.2021
The Spanish Congress has approved the antifraud law that was amended last month by the senate. Spanish citizens must now inform about their crypto holdings even outside the country. The new law further establishes severe fines for citizens who fail to share this information with authorities....
US State Department Official Wants El Salvador to ‘Ensure Bitcoin Is Well Regulated’
3.7.2021
The U.S. Department of State’s undersecretary of state for political affairs, Victoria Nuland, has explained during a press conference that the U.S. has urged El Salvador to be responsible with the country’s new bitcoin law. Nuland told the press that the U.S. was taking a “tough...
Spanish Socialist Workers' Party pens public digital currency initiative
30.6.2021
Spain’s oldest active political party is reportedly looking to create a public digital currency