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.
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.
Digital euro's privacy promise not worth a centralized system, Oasis exec says
Decentralized CBDCs will most likely pique the interest of the masses much more than their centralized counterparts.
Decentralization is the final frontier for CBDCs
"Who’s gonna use the euro in its current form? There are gonna be so many choices," said ConsenSys South Africa lead Monica Singer.
ECB endangers itself by waiting around on digital euro, says ConsenSys exec
Privacy concerns regarding the digital euro abound as the European Central bank tests the waters for a central bank digital currency.
European Central Bank releases results of digital euro consultation
The ECB will decide whether to proceed with digital euro pilots by mid-2021, Lagarde said.
Digital euro could take four years, says ECB president Christine Lagarde
The European Central Bank has demanded veto power from lawmakers in the European Union over private stablecoin projects like Diem.
ECB wants final say on the legal status of private stablecoins in the EU
The ECB President gives the impression that central banks will avoided copying institutions in hoarding cryptocurrency.
ECB's Lagarde says central banks holding Bitcoin is 'out of the question'