The ECB President gives the impression that central banks will avoided copying institutions in hoarding cryptocurrency.
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.
The central bank said it will reach a decision on releasing a digital euro "towards the middle of 2021."4532
“What happens when the world and the U.S. dollar is in a continual state of quantitative easing?” Can BTC find a new and unexpected role for itself?33044
2021 & 2022 touted to be the most important years for the development of CBDCs12566
A new pool allows European and Asian users to avoid U.S. dollar exposure.10043
The crypto world does not have a major euro-pegged stablecoin yet.4307
The EURB is fully regulated and backed 100% by Euros, allowing banks and institutional investors to use the cryptocurrency without exposure to counterparty risk.18573
The decision on how to launch a digital euro could still be a long time coming.4442
Nobody seems to be in a rush to digitize the euro, but that could change given increasing global competition.5723
Governments are increasingly liquidating crypto assets seized in criminal investigations.6487
“At that point in time we will make the decision as to whether or not we go forward with the digital euro.”8627
Over 200 firms in Simplex’s network can enable euro cashouts from Tether.5829
Canada's central bank recognizes that CBDCs are a necessarily international issue.4349
Blockchain firm ConsenSys is becoming increasingly active in the central bank digital currency space.4305
Stablecoins are taking over the crypto space with increased utility and circulation. What is prompting this growth, and is it a threat to the market?10728