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Privacy Concerns Worry Germany About the Possible Implementation of a Digital Euro

[Aug 19 11:20 AM] While the European Central Bank is studying the possible issuance of a Europe-wide CBDC, the digital euro, not all Europeans are fully behind this idea. Germany is particularly concerned about the privacy aspects of this implementation, as most…

Privacy Fears Undermine Support for Digital Euro in Germany

[Aug 18 12:30 AM] Skepticism about the digital euro is strong in Germany, especially among older citizens who prioritize privacy and security in financial transactions. Many Germans remain resistant to the idea of a digital currency, with about half unable to…

Israel Decision on Digital Shekel Won't Occur Before the EU's Call on Digital Euro: Reuters

[Jul 10 6:06 AM] The Bank of Israel won't decide whether to launch a central bank digital currency before the European Union does, Deputy Governor Andrew Abir told Reuters.

ECB Publishes Digital Euro’s First Progress Report

[Jun 25 7:07 PM] The European Central Bank (ECB) has published its first progress report on the digital euro preparation phase, highlighting key design features and ongoing developments. The report emphasizes high privacy standards for both online and offline…

Digital Euro Holding Limit: Debate Continues

[Jun 25 4:11 PM] The president of Germany’s central bank has highlighted the ongoing debate about the holding limit for the digital euro, Europe’s central bank digital currency (CBDC). He noted that recent Bundesbank research indicates that the optimal…

Study: Half of Surveyed Germans ‘Imagine Using a Digital Euro as an Additional Payment Option’

[Jun 4 7:55 PM] A new report has found that half of Germans who participated in a survey study can “imagine using a digital euro as an additional payment option.” However, the study also revealed that some three-quarters of the respondents view the…

ECB’s Joachim Nagel Urges Central Banks to Evolve: ‘We Need to Work on Our Business Model’

[May 8 2:50 PM] Joachim Nagel, President of the Deutsche Bundesbank and Member of the Governing Council of the European Central Bank (ECB), has raised concerns about central banks’ business model. “If part of your core product is loosening…

Deutsche Bundesbank President on Digital Euro: ‘The Eurosystem Has No Interest in Monitoring People’s Payment Patterns’

[Apr 26 12:43 PM] Joachim Nagel, President of the Deutsche Bundesbank, praised the privacy traits a hypothetical upcoming digital euro would possess. During a speech, Nagel specified that the Eurosystem would have “no interest” in monitoring the payments…

Digital Euro Association Partners With HBAR Foundation to Boost Understanding of CBDCs and Stablecoins

[Feb 28 6:30 AM] The Digital Euro Association (DEA) has entered into a partnership with the HBAR Foundation. This collaboration aims to bolster its comprehension of central bank digital currencies (CBDCs) and stablecoins. Although this partnership marks a…

Upcoming High-Level EU Financial Policy Talks Could Steer Crypto Oversight: Source

[Feb 14 1:20 PM] An informal document shared among EU officials shows digital finance, and thereby crypto, topping a list of priorities to be discussed.

Monei Starts Conducting Euro Stablecoin Tests

[Feb 2 2:30 AM] European payment platform Monei has announced the start of the testing phase of EURM, a euro-pegged stablecoin, as part of the Bank of Spain’s national financial sandbox. The token will leverage Ethereum’s and Polygon’s…

European Central Bank Shows It’s Serious About Enabling Digital Euro Offline Use

[Jan 11 12:00 AM] The central bank plans to allocate the lion’s share of its $1.3 billion contract budget for providers to work on enabling offline payments for a digital euro.

Bank of Spain Announces Partners for Wholesale CBDC Trials

[Jan 8 11:00 PM] The Bank of Spain has announced that Adhara, a treasury and transactions payment platform, and a consortium formed by Cecabank and Abanca, two private banks, will be its partners in the development of several upcoming wholesale central bank digital…

Fiery Public Hearing on Digital Euro Sees Experts Diverge on Key Issues

[Nov 28, 2023 12:46 PM] Expert witnesses answered lawmaker questions on holding limits, impact on banking systems and privacy for an EU central bank digital currency.

Digital Euro Can End Bank Crises, Is Better Than Deposits, Ex-Bank of Spain Chief Says

[Nov 28, 2023 9:27 AM] A central bank digital currency (CBDC) could also be used to deregulate banking activities and help the banking sector grow, Miguel Fernández Ordóñez said during a European Parliament hearing on a digital euro.

Digital Euro Isn't Pressing, but Work Should Continue: Spanish Central Bank Governor

[Nov 22, 2023 4:11 AM] Europe's "highly efficient" payment systems leave space to address social and financial concerns of a central bank digital currency, Pablo Hernández de Cos said.

Bank of Spain Report: Most Spaniards Don’t Want Digital Euro, 65% Would Not Use It

[Oct 30, 2023 2:30 PM] A recent report issued by the Bank of Spain that inquires about how Spaniards use cash for payments has revealed the low degree of confidence they have in a hypothetical digital euro. 65% of the citizens surveyed reported that they would not use…

Data Protection Bodies Call For ‘Privacy Threshold’ in Digital Euro Transactions

[Oct 21, 2023 3:30 PM] Ensuring low-value digital euro transactions are not traced is one of the recommendations made by two data protection agencies in the EU. The independent bodies have presented their joint opinion on the proposed regulation for the upcoming digital…

Digital Euro Enters ‘Preparation Phase’ — ECB Says ‘Digital Euro Would Make Data Protection a Priority’

[Oct 18, 2023 6:30 PM] The European Central Bank (ECB) has decided to move its digital euro project to the next phase after two years of investigation. The “preparation phase” of the digital euro will involve “finalizing the digital euro rulebook and selecting…

Digital Euro Project Moves to 'Preparation' Phase

[Oct 18, 2023 8:09 AM] The move is not a decision to issue a central bank digital currency, the European Central Bank said Wednesday.

EU Privacy Watchdog Takes Aim at ‘Excessive Centralization’ of Digital Euro

[Oct 18, 2023 4:46 AM] The central bank digital currency has met significant opposition from lawmakers worried over excessive state snooping

Italy’s Cipollone Defends Digital Euro as He Seeks ECB Role

[Oct 9, 2023 9:24 AM] Remarks at a parliamentary hearing suggest no digital currency swerve when Fabio Panetta steps down in November

EU Plans for Wholesale CBDC Out Within Weeks, French Central Banker Says

[Oct 3, 2023 7:54 AM] A central bank digital currency usable by financial markets is moving faster than a more controversial plan targeting regular citizens

Digital Euro at Least 2 Years Away, ECB’s Lagarde Says

[Sep 25, 2023 8:43 AM] The central banker said she wanted to address “conspiracy theories” about government snooping

Digital Euro Conspiracy Theories and Privacy Concerns Put EU Central Bankers in the Hot Seat

[Sep 11, 2023 1:00 AM] Officials promise privacy controls for the possible new CBDC, but are less clear how to respond to wilder reactions.

ECB Official Shares Digital Euro Progress, Concerns Over Paypal’s Stablecoin

[Sep 7, 2023 5:30 AM] European Central Bank (ECB) executive board member Fabio Panetta has warned about stablecoins issued by private providers, such as Paypal. He also provided an update on the progress of the digital euro. “At the ECB, our investigation phase is…

Controversial Digital Euro Plan to Be Led by Architect of Landmark MiCA Crypto Law

[Aug 30, 2023 10:20 AM] The center-right lawmaker previously negotiated the landmark MiCA crypto law for the European Parliament

EU Publishes Digital Euro Bill Featuring Privacy Controls, Offline Guarantee

[Jun 28, 2023 4:29 AM] Officials want a digital payment system available to “everyone, everywhere, for free.”

Right to Pay With Cash Enshrined in Constitution of Slovakia Amid Digital Euro Fears

[Jun 21, 2023 4:30 AM] A member of the eurozone is amending its constitution in order to guarantee citizens the right to cash payments. The move comes amid growing fears that a digital version of the common European currency may eventually become the only means of…

Digital Euro: The Bill Is Ready but Politicians Aren’t Convinced

[Jun 21, 2023 2:00 AM] A plan to legislate for the central bank digital currency may still be on track for publication, but there is still significant political skepticism about the purpose.