News about DIGITAL EURO

News about Digital Euro

Top privacy coins to watch in October as EU reports on digital Euro

Just a day before the end of September, the European Central Bank released a report on the progress of the EU’s move toward a digital Euro. Per the report, they are making progress towards a CBDC. Many other countries have made headlines throug...

ECB reports on digital euro validation, privacy one year into investigative phase

The ECB’s two-year investigative phase is halfway completed, with key use and policy issues clarified; more stakeholder engagement is planned before the decision is made to proceed....

Digital Euro Would Not be Used for Commercial Purposes: Christine Lagarde

Christine Lagarde, the President of the European Central Bank (ECB), has given her word that the proposed Digital Euro that it will not be used for commercial purposes. (Read More)

ECB Selects Five Tech Firms To Build Prototypes For Its Digital Euro

One of cryptocurrency’s most notable use cases is enabling instant cross-border payments. That’s why the Central Bank Digital Currency (CBDC) program has attracted hundreds of jurisdictions worldwide, and some countries like China have al...

Move Over, Cryptocurrencies: A Digital Euro Could Be Coming With Help From Amazon

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Why Amazon Was Chosen By The European Central Bank To Develop Its Digital Euro

Amazon, the American multinational technology company, has been chosen by the European Central Bank (ECB) alongside four other companies to provide assistance in developing user interfaces intended for a digital Euro. Regarded as one of the most infl...

Five Companies Have Been Chosen by the European Central Bank to Test Use Cases for the Digital Euro

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ECB Chooses Amazon and 4 Other Companies to Help Develop Digital Euro

The European Central Bank (ECB) has selected five companies to help develop user interfaces for a digital euro. Each company will work with the ECB and focus on one specific use case of the digital euro. Amazon has been chosen to focus on e-commerce...

Jeff Bezos Amazon Among 5 Partners to Design Digital Euro Prototype

The European Central Bank (ECB), has confirmed Jeff Bezos's tech company AMAZON, as part of the five partners to design a digital euro prototype (Read More)

European Central Bank chooses Amazon and 4 other firms to prototype digital euro app

The five fintech, payments and e-commerce firms will create front-end prototypes for the digital euro, which will not be used in later phases of the CBDC project. The...

Bank of Finland governor says digital euro could facilitate pan-European services to consumers

"An economy dominated by digital payments but without a strong monetary anchor would be inherently unstable," claimed Rehn. In a novel address at the University of C...

ECB Economists Suggest Limiting Access to Digital Euro to Protect Banks

A group of economists evaluating the potential effects of a digital euro have insisted that restricting access to the upcoming currency is necessary to preserve the current financial system. Their study follows an earlier proposal to limit digital eu...

ECB’s Lagarde, Panetta See Digital Euro as More Efficient Payment Means Than Crypto

Unbacked cryptocurrencies are not an efficient means of payment and stablecoins are vulnerable to runs, top officials at the European Central Bank have pointed out in a new article making the case for a digital euro. The executives have marked key ob...

Introducing Digital Euro to Protect Monetary Sovereignty amid Cashless Tendency: Lagarde

Christine Lagarde, the President of the European Central Bank, and Fabio Panetta, a member of the ECB’s Executive Board, have shared their thoughts on the need for the digital Euro amidst the waning influence of fiat cash. In a blog post, Lagarde a...

Banque de France: Digital euro will be launched next year

tldr; Banque de France Governor Francois Villrois de Galo said that the EU is ready to launch the second phase of the test of the wholesale CBDC. The regulator expects to release the digital euro on the open market as early as next year. CBDCs are t...

French central bank head announces Phase 2 of wholesale digital euro project

The first phase of experiments with a wholesale digital euro has been completed, and Phase 2 experiments will begin this year, Banque de France governor François Villeroy de Galhau said Tuesday. Four or five new experiments are expected to be launch...

ECB Considers Capping Digital Euro in Circulation at 4,000 per Capita, Panetta Reveals

With concerns about financial stability in mind, the European Central Bank (ECB) plans to limit digital euro holdings, according to Board Member Fabio Panetta. The plan is to have a maximum amount of digital cash in circulation similar to that of eur...

ECB may cap digital euro at 1.5T tokens — Executive board member

Fabio Panetta, an executive board member of the European Central Bank, or ECB, proposed the central bank limit the total holdings of a digital euro in an effort to prevent the digital currency from being used as a form of investment.In a Wednesday sp...

Digital euro could come as soon as 2026 — ECB official

Fabio Panetta, an executive board member of the European Central Bank, or ECB, has said that a digital euro could come within four years, potentially designed with a person-to-person payment solution.In a Monday speech at the National College of Irel...

ECB lays out ‘anonymous’ digital euro as public opposes ‘slavecoins’

The European Central Bank (ECB) continues pushing its central bank digital currency (CBDC) project despite Europeans apparently not feeling too positive about a digital euro.The ECB released another working paper on the digital euro, providing an ext...

Chairman of the Digital Euro Association: ‘The primary aim of the digital euro is still not clear’

The European Central Bank (ECB) is planning to launch a prototype of the digital euro in 2023. In the next five years, Europe could have its own central bank digital currency (CBDC) up and running. However, there are still many questions surrounding...

ECB Favors Transparency Over Privacy in Digital Euro Design, Presentation Reveals

The European Central Bank (ECB) leans toward a “transparent” digital euro over one that ensures a higher level of privacy for its users, a presentation devoted to the project has indicated. In the document, the monetary authorit...

Proposed digital euro designs lack privacy options, ECB presentation shows

Next to the fears of government overreach that the European Union’s ambitious digital euro project stirred, the main concern of the public is the prospective currency’s privacy framework. It appears that this worry might not be overblown after all, a...

Eurosystem Seeks Providers of Prototype Payment Solutions for Digital Euro

Eurozone’s monetary authority, the Eurosystem, is looking to enlist financial companies willing to develop front-end solutions for the digital euro. The plan is to carry out a “prototyping exercise” this year to test tran...

ECB, Eurosystem begins experimental prototyping of digital euro customer interface

Progress will continue on the development of the digital euro as the European Central Bank (ECB) and Eurosystem have begun looking for companies to participate in an exercise to prototype customer-facing payments services. Payment service providers,...

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