Digital Euro

ECB Deepens Analysis of Digital Euro, Decision Expected by Mid-Year, VP Confirms

<div class=”featured_image_container”> </div> <strong>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 has confirmed. …

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100M euro digital bond was a CBDC test, says Banque de France

It turns out the 100 million euro digital bond issued by the European Investment Bank earlier this week was actually a trial of a European central bank-issued digital currency, or CBDC. An April 28 announcement from France’s central bank, Banque de France, revealed the digital bond was settled using a CBDC on a blockchain. The …

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European Commission, ECB Unite to Consider Potential Pitfalls of the Digital Euro

The European Commission and the European Central Bank (ECB) are teaming up to consider potential issues that could arise from the digital euro before a decision is made to kick off the digital currency’s development this summer. The two EU institutions now plan to cooperate on “exploring the possibility of issuing a digital euro, as …

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Bank of France’s Deputy Governor Discusses CBDC Progress, Regulatory Changes

The Bank of France’s Deputy Governor Denis Beau speaking at the Paris Blockchain Summit discussed the progress being made with the central bank digital currency (CBDC) and touched upon possible regulatory changes and the legal framework.  During the Paris Blockchain Week Summit 2020, on Thursday, Beau said there has been a “hands-on approach” with the …

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Mass Adoption of a Digital Euro Could Be a ‘Clear Negative’ for Europe’s Banks: BofA

A digital euro may still be far off but Bank of America is warning it could be bad news for the region’s banking industry if there is mass public acceptance.  In a Tuesday report, BofA analysts said digital euro accounts to individuals, if they are seen as a popular alternative, would cut into commercial bank …

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ECB’s Lagarde Has ‘Hunch’ Digital Euro Will Launch in 2-4 Years

European Central Bank President Christine Lagarde said she believes the region’s monetary authority will move to launch a digital version of the euro in the next two to four years. “We might well go in that direction,” Lagarde said Thursday on a virtual panel with Federal Reserve Chair Jerome Powell and Bank of England Governor …

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