ECB News

Private payment services can gain a monopoly with no benefit to other market players or economic stability, ECB board member Fabio Panetta said.

Banco de España Deputy Gov. Margarita Delgado voiced concern about financial stability issues but painted a rosy picture for nonbank financial service providers.

According to Fabio Panetta, crypto volatility and aspects of blockchain technology made digital assets only suitable for gambling.

François Villeroy de Galhau tried to soft sell the proposed euro CBDC to commercial bankers, emphasizing collaboration and the CBDC’s advantages.

BTC’s price recovered quickly from this week’s swing low, but derivatives data hints that a challenging road lies ahead.

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.

The Bank for International Settlements has published the fifth paper by the group, highlighting its latest thinking on a potential retail CBDC.

The digital euro, if it is created, will be available to Eurozone users first through familiar onboarding procedures.

A European economist has found that a digital euro would be a problem without a solution; just wait and see, he suggested.

The ECB president admitted that “there will be control” in regards to a digital euro, much to the displeasure of the crypto community.

“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.

The EBF calls itself the voice of the European banking sector; it expressed its support for European digital money, with suggestions of its own.

Bitcoin price is up nearly 20% in days as Wall Street opens to multiple bank stocks halted due to extreme losses.

Montenegro’s prime minister announced a central bank “digital currency or stablecoin” project with Ripple; the Balkan country currently uses the euro instead of its own national currency.

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.