Digital Euro

The central bank said that the preparation phase is not a decision on the issuance of a digital euro.

New York-headquartered investment bank JPMorgan Chase & Co. has launched euro-denominated transactions on its blockchain-based payment system, JPM Coin, Bloomberg reported on Friday. 

ECB President Christine Lagarde said the digital euro would have “limited control” in a prank call.

Fintech’s growth in the EU has been described as “unprecedented”, but a report warns of consolidation in the years to come.

European Central Bank (ECB) President Christine Lagarde said cryptocurrencies are “worth nothing” on a Dutch television program aired Sunday, calling for greater regulation over what she described as “highly speculative assets.” See related article: EU to introduce bill next year to plan a digital euro Fast facts “My very humble assessment is that [cryptocurrency] is […]

The European Central Bank (ECB) said a central bank digital currency (CBDC) with a focus on anonymity is preferable to traditional electronic payments like bank deposits, but it “may become supplanted by payment tokens” issued by large tech firms. See related article: EU to introduce bill next year to plan a digital euro Fast facts […]

The European Commission announced Wednesday it will propose a bill in early 2023 to introduce a digital euro, according to a report by Politico. Fast facts The European Central Bank (ECB) is already experimenting with the digital euro and is expected to begin working on a prototype by the end of next year. A digital […]

Of the Big Four central banks, including those of the EU, UK and Japan, only the Federal Reserve has not progressed beyond research mode in central bank digital currencies.

The European Central Bank (ECB) has appointed 30 senior business professionals from a range of financial institutions and related organizations to its market advisory group for the digital euro project, according to a media statement. Fast facts The appointment of industry members to the advisory group follows the ECB’s launch of its digital euro project […]

Global US dollar reserves touched a 25-year low in Q4 2020, according to a new IMF report. Will a digital euro and e-RMB muscle in?

Regulatory finesse toward cryptocurrency and DeFi will spur investment while not stifling innovation, says Alex Tapscott of Blockchain Research Institute