The European Central Bank or ECB is the central bank of the eurozone that is the emitter of euro currency and an administrator of EU monetary practices. The Central Bank of the European Union is one of the most influential financial authorities in the world. ECB regularly publishes reports, prognoses and research that largely affects the world’s economy and governmental measures of many countries, especially in EU. The European Central Bank has absolutely no connection to ECB Publishing, Inc — an American publishing company. ECB rule violations may become the reason for billion-dollar fines, the shut down of major banks and even punishment of countries. ECB is famous for its independence, democratic approach to discussion and decision-making, and for its transparency in voting processes. The regulation of Bitcoin has been discussed within the ECB, but there are no restrictions or policies established yet.
The decision on how to launch a digital euro could still be a long time coming.
Consideration phase for digital euro to go well into 2021, says ECB exec
Nobody seems to be in a rush to digitize the euro, but that could change given increasing global competition.
European central bankers predict that the digital euro is at least five years away
“At that point in time we will make the decision as to whether or not we go forward with the digital euro.”
EU will decide on digital euro in January 2021: ECB president
Bitcoin price rallied from $12,920 to $13,600 in the hours following the European Central Bank statement and optimistic job data from the U.S.
Bitcoin price spikes 5% to $13.5K shortly after ECB stimulus announcement
Talk of CBDCs and Facebook's Libra headlined this week's policy news, as international organizations weigh in on both.
Law Decoded: The rivalry between central banks and global stablecoins, Oct. 9–16
A digital euro would not replace cash, but complement it, says the European Central Bank.
European Central Bank seeks public input on digital euro
The report is only the start of the discussion and raises more questions before officially studying the digital euro.
ECB to consider further digital euro study in 2021