A central bank digital currency (CBDC) could also be used to deregulate banking activities and help the banking sector grow, Miguel Fernández Ordóñez said during a European Parliament hearing on a digital euro.
Digital Euro Isn’t Pressing, but Work Should Continue: Spanish Central Bank Governor
Europe’s “highly efficient” payment systems leave space to address social and financial concerns of a central bank digital currency, Pablo Hernández de Cos said.
Coinbase Successfully Registers With Spain’s Central Bank
The firm has registered as a crypto exchange and custody wallet provider.
Latin American Crypto Firm Ripio Approved to Operate in Spain as an Exchange
It’s the latest in a number of licenses to crypto companies granted by the Bank of Spain.
Spain’s central bank to experiment with wholesale CBDCs
The Bank of Spain said the study can help determine to what extent it can adapt to the “needs and demands of an increasingly digital society.”
Bank of Spain to Weigh Digital Currency Design Proposals, ‘Implications’ Through 2021
The “priority” research comes as Spain weighs a global pivot to digital economies.
BBVA Can’t Hold Cryptocurrency – And That’s a Problem
The bank wants to use ethereum as a notary, but regulators discourage holding even the tiny bit of ether needed to put data on the public blockchain.