ECB
ECB’s Panetta Says Digital Euro Should Expand Overall Payment Solutions
For the central bank’s digital currency to be successful it should not be seen as competition for private payment solutions.
Big Tech-Issued Stablecoins Could ‘Amplify Shocks’ to Financial System, Says ECB Exec
CBDCs could therefore represent “an anchor of stability,” according to a member of the ECB’s executive board.
Italian Payments Giant Nexi Says It Is ‘Contributing’ to Design of Digital Euro
“We are starting to talk about a new version of cash,” Nexi’s CEO said. “That’s why we are engaging with the ECB.”
Digital Euro Isn’t Guaranteed After Experiment, ECB Advisor Says
The European bank’s two-year digital euro experiment will focus on a retail CBDC.
Bundesbank President Favors Limited Initial Role for Digital Euro
Jens Weidmann voiced concern that during crises consumers would hold all their money with the central bank, cutting off commercial banks’ funding.
BIS Signals Central Banks to Start Work on CBDCs
The head of the BIS Innovation Hub says central banks must retain the ability to uphold financial stability.
ECB Signals ‘Moderate’ Slowdown in Asset Purchases; Bitcoin Rises
The European Central Bank says it will slow down the average pace of asset purchases but keep the overall size of its quantitative easing program intact.
Stablecoins Are ‘Pretending’ to Be Currencies: ECB’s Lagarde
Stablecoins are not currencies, but rather, assets, ECB President Christine Lagarde said.
ECB Report Highlights Risks of Not Launching CBDC
There is a risk of domestic and cross-border payments being dominated by non-domestic providers with "artificial currencies," the report says.
Crypto Assets Aren’t a ‘Real Investment,’ ECB Vice President Says
Crypto’s weak fundamentals mean investors should be prepared for more price swings, Luis de Guindos said.
