The European Central Bank (ECB) faces challenges in generating consumer interest in a potential central bank digital currency (CBDC), specifically the digital euro. A recent ECB working paper based on a survey of about 19,000 respondents from 11 euro-area countries found that European households are indifferent primarily to the digital ...
Christine Lagarde, President of the European Central Bank (ECB), has stated that Bitcoin will not be included in the official reserves of central banks within the European Union (EU). According to Bloomberg, Lagarde stated this in response to recent comments from Aleš Michl, Governor of the Czech National Bank (CNB), ...
The European Central Bank (ECB) emphasizes the significance of a digital euro by introducing a digital euro project competing with U.S. dollar-backed cryptocurrencies. The project aims to enhance secure payments in the eurozone and reduce reliance on non-European providers by introducing digital central bank money. A decision on the project's ...
European Parliament member Sarah Knafo has urged the European Union (EU) to adopt Bitcoin as a strategic reserve while opposing the European Central Bank’s (ECB) proposed “digital euro.” In a recent speech shared via X before the European Parliament, Knafo, a French magistrate and lawmaker since June, criticized the ECB’s ...
The European Central Bank calls for quicker action on the digital euro, warning that ongoing legislative delays could jeopardize progress as global competition intensifies. In an interview with Euronews, Evelien Witlox, the ECB's project manager for the digital euro, emphasized the need for Europe to accelerate its development of a ...
The European Central Bank is gearing up to take on the dominant American and Chinese payment systems with the launch of a digital euro, according to Piero Cipollone, a member of the ECB’s executive board. In an interview with Le Monde, Cipollone emphasised the urgency for Europe to catch up ...
European regulators have reiterated their opposition to Bitcoin despite its recent resurgence in the market. In a blog post published on February 22nd, the European Central Bank (ECB) expressed its antipathy towards Bitcoin, citing specific challenges facing the digital asset. Although the ECB acknowledged that the recent approval of the ...
The European Central Bank (ECB) has called for the development of a comprehensive regulatory framework to address the liabilities and risks associated with Decentralized Autonomous Organizations (DAOs). In a recent paper titled "The future of DAOs in finance - in need of legal status," the ECB highlights the need for ...
