Fiat-backed EUROe joins the growing list of stablecoin offerings that have received regulatory approval from EU authorities.
The euro is the official currency for the 19 European countries of the Eurozone, along with another nine countries. The euro is the main competitor of the dollar and it has a leading position of being the one of the major reserve currencies. European banks use euro to raise funds in order to secure their core business. This fact makes the euro a funding currency. In terms of cryptocurrency, the euro is used as frequently as the dollar for conversion into digital currency and vice versa, that can be seen for the most popular requests in the Internet such as Euro to Bitcoin, Satoshi in Euro and so on. Besides that, the euro and blockchain technologies are connected, as many investments into these technologies are made in euro by European investors.
To use the tokens, users will need to verify their identity through phone and video identification, and load their wallet with real euros.7338
BoE governor Andrew Bailey highlighted that the UK already has a wholesale settlement system with a major upgrade.6987
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.4882
Europol and Eurojust, two EU agencies for law enforcement cooperation, joined authorities from Bulgaria, Cyprus, Germany and Serbia to investigate online investment fraud since June 2022.18557
The ECB is continuing its digital euro investigation with more pieces of the potential system filled in, but no commitment to blockchain technology or even its issuance has been made.4844
“Let us envision that better future and build a digital euro that works for all Europeans,” said the queen in virtually addressing members of the European Commission.2630
The crypto industry is coming to save the troubled “Euro-Skulptur” monument in Frankfurt after traditional banks refused to support the symbol of eurozone decision-making.2452
The five fintech, payments and e-commerce firms will create front-end prototypes for the digital euro, which will not be used in later phases of the CBDC project.9830
First announced on Aug. 4, the euro-denominated Ether futures represent investment vehicles launched prior to the blockchain's transition to proof-of-stake.2144
Bitcoin struggles to make a return to higher levels despite geopolitical uncertainty striking the Eurozone.9957
The futures options, expected to start trading on Aug. 29, followed the CME Group launching micro-sized Bitcoin and Ether options in March.1314
ECB’s interest in identifying the best cross-border payment solution stems from the fact that it serves as the central bank of the 19 European Union countries which have adopted the euro.4908
Estimates for July inflation across the euro area make for grim reading at 8.9%, with the U.S. dollar rebounding.2057