According to Fabio Panetta, the volatility of crypto and aspects of blockchain technology made digital assets only suitable for gambling.
Issuing digital euro, or ‘Cash+,’ is probably a duty, French central banker says
François Villeroy de Galhau tried to soft sell the proposed euro CBDC to commercial bankers, emphasizing collaboration and the CBDC’s advantages.
ECB Finalizes Digital Euro Prototypes as Development Decision Looms
The central bank has examined the use of distributed ledger technology and smart contracts for its potential new digital currency.
ECB sums up digital euro prototyping exercise as it nears possible pilot launch
The European Central Bank exercise looked at a variety of use cases, most of which were quite satisfactory, as well as the use of self-custodied wallets.
7 central banks and BIS continue examination of ongoing policy issues for retail CBDC
The Bank for International Settlements has published the fifth paper by the group, highlighting its latest thinking on a potential retail CBDC.
ECB Probes Decentralized Settlement for Wholesale Financial Markets
Euro regulators are looking again at their centralized settlement systems in seeking to keep pace with digital innovation as they explore central bank digital currencies.
ECB considers digital euro access, distribution in third design progress report
The digital euro, if it is created, will be available to Eurozone users first through familiar onboarding procedures.
Lawmakers Could Still Nix Digital Euro, ECB’s Panetta Says
The ECB wants the CBDC to be universally accepted, and usable by those without bank accounts, the central banker said
European Parliament report recommends researching, but not launching, digital euro
A European economist has found that a digital euro would be a problem without a solution; just wait and see, he suggested.
Crypto firms needs to be ‘supervisable’, says ECB board member
“We need to put more thought into imagining what international coordination will look like and how it can be effective in regulating the crypto world,” said Elizabeth McCaul.
Major Crypto Firms Need Extra Rules, Global Cooperation, ECB’s McCaul Says
The central banker said firms like Binance should be forced to disclose legal status and lines of accountability, with extra rules on top of the EU’s planned MiCA
European Banking Federation shares its vision of digital euro, wCBDC, bank tokens
The EBF calls itself the voice of the European banking sector; it expressed its support for European digital money, with suggestions of its own.
EU Crypto Banking License Procedures Are too Inconsistent, ECB Says
The eurozone supervisor is seeking to smooth out a process dominated by German and Luxembourgish banks.
Digital Euro Should Prioritize Online, Peer-to-Peer Payments, ECB Says
Transfers in stores and to governments could take longer, but basic personal CBDC use should be free, the central bank said
EU Banks Told By Regulator to Apply Bitcoin Caps Even Before They Become Law
The European Central Bank, which supervises big euro area lenders, said crypto should be treated as a risky asset.
Bullish crypto traders maintain the upper hand despite the total market cap rejecting at $1T
Former BitMEX CEO Arthur Hayes says catastrophe is coming for the crypto sector, but derivatives data shows bulls slowly taking control of the market.
EU finance ministers’ group releases statement on political aspects of digital euro
The Eurogroup confirmed its support for digital euro research and noted that some of the design and use elements under consideration would require political decision making.
Crypto can get weird: The 5 strangest stories of the industry in 2022
Filmmakers are interested in documenting one of this year’s weirdest stories in crypto, but what else made the list?
Digital euro settlement, distribution options detailed in latest progress report
The ECB is continuing its digital euro investigation with more pieces of the potential system filled in, but no commitment to blockchain technology or even its issuance has been made.
ECB official proposes ban on tokens with an ‘excessive ecological footprint’
EU officials previously rejected an outright ban on crypto mining, but the Markets in Crypto Assets bill could require firms to report any potential environmental impact.