2 / 4 Relevant items tagged with #Euro

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Bank of Spain embraces ‘digital euro,’ explains its benefits

[Oct 25, 2023 4:23 AM] The digital euro will make electronic payments a vital piece of the financial system, the statement claims.

Binance Resumes Euro Transfers Through New Fiat Partners

[Oct 21, 2023 1:30 AM] Cryptocurrency exchange Binance is restoring fiat services for customers using the common European currency, the euro (EUR). The coin trading giant announced that users are already migrating to the new platforms it partnered with in the wake of…

Binance shutting down European Visa debit card in December

[Oct 20, 2023 11:42 AM] Mastercard ended its partnership in Latin America and Bahrain with Binance in September, possibly due to the regulatory environment.

EU data protection regulators urge anonymity for smaller transactions in digital euro

[Oct 20, 2023 2:45 AM] The European Data Protection Board and the European Data Protection Supervisor issued a joint opinion statement on regulating a digital euro.

Finland works on instant payments system, embraces digital euro

[Oct 19, 2023 4:54 AM] The Bank of Finland actively promotes the development of new forms of payment.

ECB officials move to 'preparation phase' for digital euro

[Oct 18, 2023 1:59 PM] Though the issuance of a digital euro is not a certainty, officials with the European Central Bank are moving to next phase of the project.

Central banks want to look under crypto’s hood — Is this a positive sign?

[Oct 18, 2023 7:02 AM] The mere fact that the Deutsche Bundesbank, BIS and other financial incumbents want such information now suggests a tacit acceptance of crypto.

Georgia preparing limited live CBDC pilot, considering Ripple among tech providers

[Sep 29, 2023 12:50 PM] As the country is considered for EU membership, the digital lari is seen as providing interoperability with a digital euro while preserving monetary freedom.

Binance Advises Paysafe Users to Convert Euro Balances to Tether

[Sep 28, 2023 4:30 PM] Crypto exchange Binance has issued a recommendation for customers using the services of Paysafe for euro (EUR) transfers. The crypto trading platform is advising users to convert their euro balances to tether (USDT) or withdraw them to bank…

Binance urges users to convert Euros to USDT after Paysafe debank

[Sep 27, 2023 11:36 PM] Binance’s European debanking woes continue as it urges Paysafe users to convert their Euros to digital dollars.

Circle launches native euro stablecoin on Stellar

[Sep 26, 2023 12:48 PM] The EURC stablecoin (formerly EUROC) is now available on Stellar in addition to Ethereum and Avalanche.

Will Bitcoin Drop To $20,000? EURUSD Correlation Indicates It Might

[Sep 25, 2023 3:30 AM] In recent discussions surrounding Bitcoin (BTC) and its potential future price trajectory, crypto-enthusiasts and analysts alike are finding new correlations to dissect. Most notably, a correlation with the EURUSD pair (the euro against the US…

International financial group finds gaps in digital euro legislative package

[Sep 20, 2023 3:45 PM] The Institute of International Finance looked at seven areas where digital euro legislation, which is being developed alongside the technology, is lacking.

75% Of All Binance Fiat Trading Volume Is In Turkish Lira

[Sep 14, 2023 6:00 PM] 75% of all fiat volume in Binance, the largest cryptocurrency exchange by client count, is dominated by the Turkish Lira (TRY). At this rate, Kaiko, a blockchain analytics firm, confirms that the Turkish Lira is the most preferred currency…

Bitcoin will bring global payments out of the ‘fax era' — Ex-PayPal boss

[Sep 11, 2023 5:43 PM] Marcus said there’s still no universal protocol when it comes to transferring money, unlike information which can be shared via email.

Metamask Wallet Users Can Now Cash Out Crypto to Fiat

[Sep 8, 2023 3:30 AM] The popular Ethereum wallet Metamask has introduced a new feature allowing users to convert crypto to major fiat currencies. The “Sell” option currently supports cashing out ether (ETH) and is available to users in the U.S., the…

Digital euro can ward off a host of private payment service ills: ECB official

[Sep 4, 2023 2:57 PM] Private payment services can gain a monopoly with no benefit to other market players or economic stability, ECB board member Fabio Panetta said.

Dollar Share in Reserves Drops Below 60%, Yuan Rises, Russian Diplomat Says

[Sep 2, 2023 12:00 AM] The share of currencies other than the U.S. dollar and the euro in international reserves is on the rise, according to a Russian representative. The trend is being observed as a growing number of countries try to use their national currencies in…

Binance Mulls Leaving Russia, Limits Options for Russian Users

[Aug 29, 2023 10:30 PM] Crypto exchange Binance considers exiting Russia amid increased scrutiny over its services for users in the sanctioned nation. The news of the potential move comes after the exchange delisted several sanctioned Russian banks from its peer-to-peer…

Spanish central bank official talks about private payment services in era of digital euro

[Aug 25, 2023 2:23 PM] Banco de España Deputy Gov. Margarita Delgado voiced concern about financial stability issues but painted a rosy picture for nonbank financial service providers.

Ministry of Economic Development of Russia Pessimistic About Quickly Advancing BRICS Common Currency Proposal

[Aug 25, 2023 12:30 AM] The Ministry of Economic Development of Russia does not expect the rapid development of a common currency for the BRICS bloc. Deputy Economic Development Minister Vladimir Ilyichev stated that “quick breakthroughs” on this issue are…

BRICS Discussing Single Unit of Account, Alternative to Dollar, Russian Finance Minister Says

[Aug 24, 2023 3:00 AM] The BRICS members are mulling over the possible launch of a common unit of account, Russia’s Minister of Finance Anton Siluanov unveiled. This would be an alternative to the U.S. dollar that can be used to denote the cost of some commodities, for…

Binance limits withdrawals in Europe, cites payment processor issues

[Aug 21, 2023 8:41 AM] In a since-deleted customer service message, Binance said that the failed withdrawals were caused by temporarily suspended euro transactions through SEPA.

Nobel Laureate Paul Krugman States Argentina Should Adopt the Euro Instead of the US Dollar

[Aug 20, 2023 10:30 PM] Economics Nobel laureate Paul Krugman recently stated that Argentina might be better off adopting the euro instead of the U.S. dollar amidst the devaluation of the Argentine peso. Krugman argued that Argentina has almost twice as much trade with…

Crypto asset investment in Latvia declines by 50% over past year, per central bank

[Aug 4, 2023 2:00 PM] According to Latvijas Banka, 4% of the population bought crypto assets in February, down from 8% in 2022, while payments “continue to prevail.”

Germany is dragging Europe’s economy down — and that’s great for crypto

[Aug 4, 2023 11:00 AM] Cointelegraph analyst and writer Marcel Pechman explains how a weakening German economy — Europe’s largest — is a positive for cryptocurrencies.

Eritrean President Isaias Afwerki: ‘We Need a New Financial Architecture Not Controlled by the Dollar or the Euro’

[Jul 31, 2023 5:30 AM] Isaias Afwerki, president of Eritrea, reinforced the need for building a new economic system away from the traditional centers of power. At the second Russia-Africa Summit, Afwerki told Russian President Vladimir Putin that the current world order…

Euro stablecoin market set to take off, thanks to real-world uses, regulatory clarity — Circle exec

[Jul 17, 2023 10:36 AM] Circle’s Patrick Hansen provided an overview of the euro-denominated stablecoin market at EthCC: It all looks rosy, he said.

It's Time for a Euro Stablecoin

[Jul 12, 2023 2:14 PM]

Eurozone Inflation to Remain Higher Than 2% Target in Next 2 Years, ECB’s Lagarde Admits

[Jul 9, 2023 12:30 PM] Inflation in the eurozone has started to decline but the area’s monetary authority expects it to remain above its target in the next two years. The European Central Bank has to do more to bring it down, its governor commented on the backdrop of…