Fabio Panetta – DIGIT INFO

Bank of Italy to release crypto guidelines in ‘coming days’ — Governor

DIGIT — Wed, 10 Jul 2024 05:57:50 +0000

Italy’s central bank will soon share how the country should apply the EU’s MiCA crypto laws, with its governor slamming Bitcoin and Ethereum as “unbacked” cryptocurrencies.

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ECB’s Panetta Reinforces Digital Euro Focus on Payments

DIGIT — Wed, 26 Apr 2023 11:50:15 +0000

Fabio Panetta, a member of the executive board of the European Central Bank (ECB), announced the digital euro project was entering its final phase. Before the committee on economic and monetary affairs of the European Parliament, Panetta stated that the digital euro, if approved, would be focused on making payments easier for Europeans. ECB’s Panetta […]

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ECB Member Fabio Panetta Claims Rising Profit Margins Could Be Fueling Inflation

DIGIT — Wed, 05 Apr 2023 05:00:06 +0000

Fabio Panetta, a member of the executive board of the European Central Bank (ECB), has stated that companies increasing their profit margins could be helping to fuel inflation. In an interview with the New York Times, Panetta warned about the effect that companies increasing such margins could have on inflation levels in the long term. […]

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ECB Considers Capping Digital Euro in Circulation at 4,000 per Capita, Panetta Reveals

DIGIT — Fri, 17 Jun 2022 18:30:10 +0000

With concerns about financial stability in mind, the European Central Bank (ECB) plans to limit digital euro holdings, according to Board Member Fabio Panetta. The plan is to have a maximum amount of digital cash in circulation similar to that of euro banknotes today, the official unveiled. Eurozone’s Central Bank to Keep Total Digital Euro […]

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Top ECB Official Ramps Up Anti-Crypto Rhetoric, Calls for Global Regulations

DIGIT — Thu, 28 Apr 2022 06:30:06 +0000

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 […]

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ECB Paper Marks Success Factors for CBDCs, Digital Euro

DIGIT — Sat, 04 Dec 2021 11:49:43 +0000

A paper published by the European Central Bank (ECB) discusses various conditions for successful implementation of central bank digital currencies (CBDCs) such as the eurozone’s own digital euro. The authors also point to different risks that such projects entail, like the danger of crowding out the private sector. ECB: Digital Euro Should Be Widely Used […]

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Digital Euro Should Be Attractive But Not ‘Too Successful,’ ECB’s Panetta Says

DIGIT — Sun, 07 Nov 2021 13:00:49 +0000

The digital euro should be an attractive means of payment but its design should prevent it from becoming so successful as a store of value that it threatens banks and private money, according to Fabio Panetta, a high-ranking executive at the European Central Bank. Panetta stressed that both this paradox as well as the need […]

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European Central Bank announces digital euro advisory group members

DIGIT — Wed, 27 Oct 2021 12:04:41 +0000

The group consists of 30 high-ranking financial professional from organizations including BBVA, CRIF and Stripe, among other

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ECB Appoints Advisory Group for Digital Euro Project

DIGIT — Wed, 27 Oct 2021 07:30:19 +0000

The European Central Bank (ECB) has appointed an advisory group for the digital euro project. Called the Digital Euro Market Advisory Group, it was founded with 30 members from business backgrounds. The council will have a say in the design, distribution, and value that this new digital currency can provide for the payments ecosystem. The […]

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Privacy Is Key for Successful Digital Euro, Data Protection Body Says

DIGIT — Tue, 22 Jun 2021 19:16:06 +0000

The European Data Protection Board (EDPB) has issued a call for EU institutions to uphold privacy when designing a digital version of the euro. The agency is ready to provide advice on data protection matters surrounding the project. Meanwhile, an ECB executive has vowed that the digital euro will protect users’ privacy. EDPB Insists Data […]

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