Digital Euro
EU Officials: Digital Euro Focusing on Personal Use First, Not Web3
A retail digital euro will, in the first stage, only enable payments initiated by people, rather than allowing businesses to settle invoices, issue paychecks or be used in decentralized finance, European Union (EU) officials said Wednesday. "The Hash" team discusses central bank digital currencies (CBDCs) and their privacy implications amid a global race to digital money.
Digital Euro to Focus on Personal Use, Not Web3, EU Officials Say
The central bank digital currency could fail if it doesn't offer something more than what cash and credit cards do, industry representatives remarked.
Crypto Prices Are Fanned by Flawed Economics and Conspiracy Theories; CBDCs Are Immune: Bank of Finland Governor
While making a case for digital euro, Bank of Finland Governor Olli Rehn said central bank digital currencies won't be subject to the price volatility of private cryptos.
Digital Euro Needs Curbs to Halt Lending Crunch, ECB Study Finds
The economic evidence appears to support calls to cap how much central bank digital currency people can hold, to stop them fleeing banks all together, the study suggests.
US and UK Falling Behind on Central Bank Digital Currency Adoption While China Expands E-CNY
105 countries, representing over 95 percent of global GDP, are exploring a central bank digital currency (CBDC), according to the Atlantic Council. Director Josh Lipsky shares insights into the key findings, discussing the impact of China’s e-CNY, the digital euro and why the United States risks falling behind in the global race for digital money.
Digital Euro Would Be a Success Only if Widely Used, ECB Says
The European Central Bank expects to complete the investigation phase of its digital euro project in the autumn of 2023.
Major Banks Urge Caution With European Union's CBDC Plans
The European Commission should evaluate the impact of issuing a digital euro, the Institute of International Finance said.
ECB Would Limit Digital Euro to Maximum 1.5T, Says Fabio Panetta
The central bank's executive board member believes few people understand what a digital euro is because "it's complicated."
ECB’s Panetta: Digital Euro Could Come Out Within 4 Years
Peer-to-peer payments could be a first test case, though no final decision has been made yet.
Lawmakers Keep Mentioning Privacy in CBDC Discussions
How lawmakers approach privacy with central bank digital currencies differ, but the fact remains they're very frequently now raising the issue.
