digital euro

According to reports, a document drafted for the European Parliament states that the digital euro system should not limit users\’ holdings and argues that the risk of abandoning tra

On April 26th, Fabio Panetta, a member of the Executive Committee of the European Central Bank (ECB), announced that the primary goal of the digital euro project is to establish it

On April 25th, the European Central Bank (ECB) released its third progress report on the design of digital euros, studying the access and allocation options for digital euros appro

According to reports, the European Central Bank has stated that the digital euro can be provided through existing banking and euro system applications, and may initially be provide

According to reports, the European Central Bank has stated that the digital euro can be provided through existing banking and euro system applications, and may initially be provide

According to reports, the European Central Bank\’s governing committee, Rehn, said it was expected to make a decision on the digital euro in the autumn.
European Central Bank Regula

On March 21st, Christine Lagarde, President of the European Central Bank, said that the digital euro plays a key role in safeguarding European payment autonomy. She warns that relying on a single source in key aspects of daily life is very unhealthy. The digital euro is designed for security, sovereignty, and availability. (Bloomberg) Interpretation of this information: Christine Lagarde, the President of the European Central Bank, highlighted the significance of the digital euro in preserving European payment autonomy on March 21st. She expressed her concerns regarding relying on a single…

It is reported that a document shows that if the digital euro is regarded as the legal tender, the merchants in the euro area may be forced to accept the digital euro. The document is scheduled to be submitted to finance ministers later Monday. According to the document, giving the central bank digital currency (CBDC) the same status as paper money and coins will mean that its payment can legally fulfill its payment obligations and force it to accept the full face value. Interpretation of this information: The European Union…

It is reported that a document shows that if the digital euro is regarded as the legal tender, the merchants in the euro area may be forced to accept the digital euro. The document is scheduled to be submitted to finance ministers later Monday. According to the document, giving the central bank digital currency (CBDC) the same status as paper money and coins will mean that its payment can legally fulfill its payment obligations and force it to accept the full face value. Interpretation of this information: A recent document…

It is reported that Fabio Panetta, President of the European Central Bank (ECB), delivered a speech on digital euro, in which he outlined the current progress of the Central Bank’s digital currency (CBDC), including the “principle of compensation model for incentive allocation”. The principle of digital euro compensation is to provide consumers with free basic payment needs, generate the network effect of economic incentives for acquirers and merchants, provide comparable economic incentives for issuers, and bear their own costs for the euro system, as for the production and issuance of…

It is reported that a survey by the Federal Association of German Community Banks (BVR) found that the introduction of digital euro may have devastating consequences for the German banking industry. According to the survey, if each person converted 3000 euros into CBDC, only 56 of 714 institutions could meet the liquidity buffer required by law. This means that banks will have to find alternative and more expensive sources of funds. Interpretation of this information: The introduction of digital euro may have terrible consequences for the German banking industry, according…