ECB’s Fabio Panetta: Unbacked Cryptos Are a ‘Vehicle for Gambling’ Lacking ‘Intrinsic Value’ 3 min read CBDC ECB’s Fabio Panetta: Unbacked Cryptos Are a ‘Vehicle for Gambling’ Lacking ‘Intrinsic Value’ Fabio Panetta, part of the Executive Committee of the European Central Bank (ECB), believes that unbacked cryptocurrency...Read More
Brussels to Put Out Digital Euro Law Shortly, ECB’s Lagarde Says 3 min read CBDC Brussels to Put Out Digital Euro Law Shortly, ECB’s Lagarde Says admin November 10, 2022 The European Commission is going to present a legislative proposal for a digital euro in the near...Read More
CBDC Could Be ‘Holy Grail’ of Cross-Border Payments, ECB Says, Sees Bitcoin as Less Credible 3 min read assessment CBDC Could Be ‘Holy Grail’ of Cross-Border Payments, ECB Says, Sees Bitcoin as Less Credible admin August 4, 2022 Several solutions can potentially improve cross-border payments significantly and central bank digital currency (CBDC) could be the...Read More
ECB Considers Capping Digital Euro in Circulation at 4,000 per Capita, Panetta Reveals 3 min read Banknotes ECB Considers Capping Digital Euro in Circulation at 4,000 per Capita, Panetta Reveals admin June 17, 2022 With concerns about financial stability in mind, the European Central Bank (ECB) plans to limit digital euro...Read More
Cryptocurrency Is ‘Based on Nothing,’ Should Be Regulated, ECB’s Lagarde Says 3 min read CBDC Cryptocurrency Is ‘Based on Nothing,’ Should Be Regulated, ECB’s Lagarde Says admin May 21, 2022 President of the European Central Bank Christine Lagarde has insisted that unlike a digital euro, cryptocurrency has...Read More
Top ECB Official Ramps Up Anti-Crypto Rhetoric, Calls for Global Regulations 4 min read CBDC Top ECB Official Ramps Up Anti-Crypto Rhetoric, Calls for Global Regulations admin April 28, 2022 Comparing the rise of crypto assets to the gold rush, a top executive at the European Central...Read More
European Commission to Launch Digital Euro Consultations in March, Propose Bill Early Next Year 2 min read bill European Commission to Launch Digital Euro Consultations in March, Propose Bill Early Next Year admin February 14, 2022 The executive arm of the EU is gearing up to start public consultations on the digital euro...Read More
Central Banks of France, Switzerland and BIS Complete Cross-Border CBDC Trial 2 min read Bank of France Central Banks of France, Switzerland and BIS Complete Cross-Border CBDC Trial admin December 9, 2021 Bank of France, the Swiss National Bank (SNB), and the Bank for International Settlements have successfully tested...Read More
Digital Euro Should Be Attractive But Not ‘Too Successful,’ ECB’s Panetta Says 4 min read banks Digital Euro Should Be Attractive But Not ‘Too Successful,’ ECB’s Panetta Says admin November 7, 2021 The digital euro should be an attractive means of payment but its design should prevent it from...Read More
Italian Payments Giant Nexi Involved in Digital Euro Project 2 min read CBDC Italian Payments Giant Nexi Involved in Digital Euro Project admin September 24, 2021 Nexi, a leading European payments company, is reportedly giving advice to the European Central Bank (ECB) related...Read More
BIS Asks Central Banks to Urgently Develop CBDCs to Compete With Crypto Assets 2 min read bank of international settlement BIS Asks Central Banks to Urgently Develop CBDCs to Compete With Crypto Assets admin September 12, 2021 The head of the Bank of International Settlements (BIS) Innovation Hub, Benoît Cœuré, has urged central banks...Read More
ECB Officially Starts to Investigate Digital Euro — Development Could Begin in 2 Years 2 min read central bank digital currency ECB Officially Starts to Investigate Digital Euro — Development Could Begin in 2 Years admin September 7, 2021 The European Central Bank (ECB) says it is “starting to investigate” a digital euro by launching a...Read More