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Eurozone’s monetary authority, the Eurosystem, is looking to enlist financial companies willing to develop front-end solutions for the digital euro. The plan is to carry out a “prototyping exercise” this year to test transactions to the back-end developed by the regulator. Eurosystem to Select Front-End Providers for Digital Euro Project Within the ongoing investigation into … Read more
Up to five banks or other payment services providers will be selected to participate without compensation in the development of the digital euro front end. Go to Source Powered by WPeMatico
Comparing the rise of crypto assets to the gold rush, a top executive at the European Central Bank has urged governments to take action to prevent “a lawless frenzy of risk-taking.” Speaking in the U.S., the ECB official called for a global regulatory clampdown on cryptocurrencies and stepping up efforts to issue central bank digital … Read more
One of Fabio Panetta’s concerns seemed to be how the ECB and lawmakers address the taxation of cryptoassets, describing current requirements as “minimal.” Go to Source Powered by WPeMatico
Less than two weeks after the consultation process’ start, the prevalent mood in the comments section appears quite negative. Go to Source Powered by WPeMatico
After the inflation rate in the eurozone reached a high of 7.5% in March, the European Central Bank (ECB) and the bank’s president Christine Lagarde explained on Thursday the central bank’s bond purchases will cease in Q3. Reiterating what she said at a press conference in Cyprus two weeks ago, Lagarde stressed on Thursday that … Read more
Fabio Panetta outlined recent findings and remaining challenges while emphasizing the necessity of a well designed European CBDC. Go to Source Powered by WPeMatico
While inflation continues to roar in the U.S., the inflation rate in the eurozone tapped another high last month reaching 7.5% in March. Energy and food prices have soared throughout the 19 member state economies, and European Central Bank president Christine Lagarde expects energy prices to “stay higher for longer.” Eurozone Inflation Continues to Climb, … Read more
Findings from the ECB’s focus groups said the public was more likely to accept a digital euro accepted in physical and online stores and allowed easy person-to-person payments. Go to Source Powered by WPeMatico
The European Central Bank (ECB) warns cryptocurrencies are being used to evade sanctions by Russians. ECB President Christine Lagarde warns crypto firms against becoming “accomplices” in the crime. ECB President Lagarde Is Certain About Crypto Being Used to Evade Russian Sanctions Christine Lagarde, president of the European Central Bank (ECB), said Tuesday at the Bank … Read more
