Faced with challenges on many fronts, the European Central Bank is now deepening the analysis of how to digitalize its currency. A decision on whether to issue a digital euro, which has the potential to become a major CBDC, is expected around mid-2021, a high-ranking official of the central bank has confirmed. Eurozone’s Central Bank […]
A former Apple executive believes the European Central Bank might just be paying lip service to the concept of privacy in relation to a digital euro.
The European Central Bank President Christine Lagarde is keeping the central bank’s monetary easing policies unchanged according to her statements from a press conference last Thursday. Moreover, the central bank’s Twitter account recently shared a video of Lagarde defending negative interest rates, as the bank’s President stresses that they “support companies and people in the […]
Decentralized CBDCs will most likely pique the interest of the masses much more than their centralized counterparts.
Privacy concerns regarding the digital euro abound as the European Central bank tests the waters for a central bank digital currency.
The ECB will decide whether to proceed with digital euro pilots by mid-2021, Lagarde said.
Banks in Germany are reportedly turning customer deposits away due to the negative interest rate imposed on them by the European Central Bank (ECB). Some banks are even offering online tools to help customers take their deposits elsewhere. Negative Interest Rates Imposed by ECB Force Banks to Turn Away Customer Deposits Banks in Germany have […]
The European Central Bank has demanded veto power from lawmakers in the European Union over private stablecoin projects like Diem.
The ECB President gives the impression that central banks will avoided copying institutions in hoarding cryptocurrency.
The central bank said it will reach a decision on releasing a digital euro “towards the middle of 2021.”