Digital Euro
ECB gains backing from Council of EU for caps on digital euro holdings
Concerned that a CBDC will drain funds from traditional banks, regulators are considering caps on how much digital euro citizens can hold to ensure it's purely for payments.
ECB’s Christine Lagarde shifts focus to digital euro rollout after holding rates
With technical and preparatory work complete, the ECB pressed lawmakers to move quickly on Europe’s public digital currency amid global stablecoin concerns.
Digital Euro a Necessary Tool During Major Disruptions, Says ECB
A Eurozone CBDC could provide business continuity in the event of a cyberattack on banks or other payment providers
U.S. Stablecoin Law Jolts EU Into Rethinking Digital Euro Strategy: FT
The GENIUS Act's passage caught many in Europe off guard and sparked concerns dollar-backed stablecoins could tighten America’s grip on cross-border payments.
ECB Establishes Innovation Hub to Test Digital Euro as Preparation Phase Nears End
The hub has 70 participants including Accenture, KPMG and CaixaBank.
Digital Euro Needed to Counter Stablecoins, Non-European Big Tech, ECB Chief Economist Says
Philip Lane said the prevalence of electronic payments using Apple Pay, Google Pay and PayPal "exposes Europe to risks of economic pressure and coercion."
ECB Targets October to Finish Digital Euro Preparation Phase
Lawmakers recently raised concerns regarding the digital euro.
Israel Decision on Digital Shekel Won't Occur Before the EU's Call on Digital Euro: Reuters
As of May 2024, 134 countries or jurisdictions, representing 98% of global GDP, were exploring a CBDC.
Upcoming High-Level EU Financial Policy Talks Could Steer Crypto Oversight: Source
An informal document shared among EU officials shows digital finance, and thereby crypto, topping a list of priorities to be discussed.
European Central Bank Shows It’s Serious About Enabling Digital Euro Offline Use
The bank plans to allocate the lion’s share of its $1.3 billion contract budget for providers to work on enabling offline payments for a digital euro.
