ECB News

Commenting on the recent market volatility, Fabio Panetta also said stablecoins were still “vulnerable to runs,” just as investing in cryptocurrencies carried certain risks.

The ECB drops another working paper on the digital euro, causing more outrage from Europeans opposing a central bank digital currency.

Transactions via the EU’s prospective CBDC could be transparent to intermediaries, as any non-crypto digital transactions are.

Up to five banks or other payment services providers will be selected to participate without compensation in the development of the digital euro front end.

One of Fabio Panetta’s concerns seemed to be how the ECB and lawmakers address the taxation of cryptoassets, describing current requirements as “minimal."

Less than two weeks after the consultation process’ start, the prevalent mood in the comments section appears quite negative.

Fabio Panetta outlined recent findings and remaining challenges while emphasizing the necessity of a well-designed European CBDC.

Findings from the ECB's focus groups said the public was more likely to accept a digital euro that is accepted in physical and online stores and allows easy person-to-person payments.

A comedown from its highest levels in a week sees Bitcoin price action hover immediately under short-term support targets.

Blockchain Association’s Jake Chervinsky believes politicians should not be worried that Russia may use crypto to get around economic sanctions because it is not feasible at the scale required.

"It’s so critically important that MiCA is pushed through as quickly as possible so we have a regulatory framework within which crypto assets can actually be caught," said Christine Lagarde.

“Stablecoins are pretending to be a coin, but in fact it’s completely associated with an actual currency,” said Christine Lagarde.

Spain’s oldest active political party is reportedly looking to create a public digital currency.

The European Central Bank should rely on public-private cooperation for issuing a digital euro, an exec at BBVA’s digital regulation team said.

Unlike private companies, the ECB has “no commercial interest” in monetizing users’ data, the ECB executive board member argued.