3 / 4 Relevant items tagged with #Euro

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Binance to Lose Euro Transfers as Paysafe Drops Support

[Jun 29, 2023 9:00 PM] Paysafe will discontinue support for bank transfers of euros to and from Binance, the payments provider announced. The news comes when the world’s largest cryptocurrency exchange finds itself under pressure from regulators and banking partners in…

JPMorgan bank deploys JPM Coin for euro-denominated payments

[Jun 23, 2023 5:16 AM] Germany’s conglomerate Siemens AG was reportedly the first company to process euro-denominated payments using JPM Coin.

JPMorgan Expands Its Blockchain-Based Token to Euro Payments: Bloomberg

[Jun 23, 2023 5:12 AM] Since its inception in 2019, over $300 billion in transactions have been processed using JPM Coin.

Issuing digital euro, or ‘Cash+,’ is probably a duty, French central banker says

[Jun 22, 2023 2:15 PM] François Villeroy de Galhau tried to soft sell the proposed euro CBDC to commercial bankers, emphasizing collaboration and the CBDC’s advantages.

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…

Fear of a digital euro prompts Slovakia to add cash rule to constitution

[Jun 19, 2023 2:00 PM] Slovakia’s parliament passed a measure to amend its constitution to codify the right of its citizens to pay for goods and services with cash.

Hawkish Fed, stocks market rally, and crypto falling behind

[Jun 19, 2023 6:00 AM] Cointelegraph analyst and writer Marcel Pechman explains why the cryptocurrency market has been falling behind the stock market after the Fed’s hawkish stance.

EU’s new crypto law: How MiCA can make Europe a digital asset hub

[Jun 14, 2023 7:16 AM] MiCA was recently signed into law and published in the EU’s official journal, starting the countdown for implementing the first-of-its-kind crypto legislation in 27 member states.

De-dollarization: Is it really happening?

[Jun 9, 2023 11:00 AM] In our latest Cointelegraph Report, we analyze the causes leading to the decline of the U.S. dollar as the world reserve currency and its potential implications.

Chinese Yuan, Euro, Digital Currencies Challenge US Dollar Dominance, TD Economist Says

[Jun 6, 2023 5:30 PM] A senior economist at financial services firm TD says the Chinese yuan, the euro, and digital currencies could erode the U.S. dollar’s dominance. “Several countries have shown frustration with the dominance of the dollar and are pursuing…

SEC Chairman Gensler Stresses Existing Fiat Digital Currencies Are Sufficient Amid Coinbase and Binance Actions

[Jun 6, 2023 11:30 AM] In the aftermath of the U.S. Securities and Exchange Commission’s (SEC) enforcement actions against Coinbase and Binance, chairman Gary Gensler engaged in a conversation, maintaining that further digital currencies are unnecessary…

Olive-Oil Producer Issues First Euro-Stablecoin-Denominated Bond on Obligate’s DeFi Platform

[Jun 1, 2023 2:00 AM] The debt sale was the first of its kind for the French sustainable agriculture business.

ECB sums up digital euro prototyping exercise as it nears possible pilot launch

[May 26, 2023 3:37 PM] The European Central Bank exercise looked at a variety of use cases, most of which were quite satisfactory, as well as the use of self-custodied wallets.

SWIFT Data Shows Despite De-Dollarization Push, US Dollar Is Still the King of International Settlements

[May 22, 2023 5:30 AM] The share of the U.S. dollar usage for international payments has risen to 42.71% in April, despite the push of some countries towards de-dollarization. The dollar remains the most used currency in international settlements, with the euro taking…

Russia and Iran Phasing Out US Dollar in Bilateral Trade Settlements

[May 19, 2023 1:30 AM] The governments of Russia and Iran are starting to phase out the usage of the U.S. dollar to conduct bilateral trade settlements. Russian Deputy Prime Minister Alexander Novak stated that 80% of Russia-Iran trade transactions are settled using…

Inflation Expectations of Eurozone Consumers ‘Increased Significantly,’ ECB Says

[May 12, 2023 4:30 AM] Consumers in the euro area have sharply raised their expectations about inflation in the coming months, the European Central Bank revealed. Survey data showing this comes after the monetary authority slowed the pace of its rate hikes last week…

Push to Use National Currencies in SCO Cannot Be Stopped, Russia’s Lavrov Says

[May 6, 2023 7:30 AM] Efforts to transition to trade in national currencies in the Shanghai Cooperation Organization (SCO) can no longer be stopped, according to Russian Foreign Minister Sergey Lavrov. During a meeting with his colleagues in India, Moscow’s top diplomat…

ECB Raises Interest Rates by 25bps Amid ‘Too High’ Inflation, ‘No Pause,’ Lagarde Says

[May 4, 2023 9:30 PM] The European Central Bank (ECB) raised its key interest rates by 25 basis points, slowing the pace from previous increases. However, as inflation in the euro area remains persistently high, future rate hikes may still be expected with the regulator…

Liechtenstein adapts blockchain laws to developing crypto landscape

[May 1, 2023 4:14 AM] Future regulation is intended to ensure uniform regulation for all European countries and covered participants.

Economist Predicts Shift to Tripolar Reserve Currency World — Yuan, Euro to Disrupt US Dollar’s Dominance

[Apr 29, 2023 4:00 PM] Economist Stephen Jen, a former Morgan Stanley managing director, expects a shift “from a unipolar reserve currency world to a multipolar world,” with the Chinese yuan, the euro, and the U.S. dollar forming a “tripolar” reserve currency…

Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts

[Apr 29, 2023 2:00 AM] A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend coincides with declining demand for U.S. dollar and euro deposits amid currency restrictions that triggered a flight of funds to…

European bankers on digital euro: ‘ECB has no interest in users’ personal data’

[Apr 28, 2023 4:53 AM] While anonymity still stands as the core issue of a European CBDC, the inevitable competition with private banks also raises questions.

‘Not the Right Time to Stop’ Rate Hikes, ECB Chief Economist Says

[Apr 27, 2023 6:30 AM] Current indicators suggest the European Central Bank (ECB) should raise the interest rate in May, the monetary authority’s chief economist said. Future increases will depend on the economic data but this is still not the right time to stop…

BRICS Currencies to Have No Alternative, Former Russian President Medvedev Says

[Apr 27, 2023 3:30 AM] Fiat currencies of BRICS member states will have no alternative in the future, according to former President of Russia Dmitry Medvedev. Nations in the bloc need to think about their digital forms and a digital currency issued by the group as a…

ECB considers digital euro access, distribution in third design progress report

[Apr 24, 2023 3:54 PM] The digital euro, if it is created, will be available to Eurozone users first through familiar onboarding procedures.

What’s next for EU’s crypto industry as European Parliament passes MiCA?

[Apr 20, 2023 7:51 AM] What is the potential impact of MiCA on the EU crypto and blockchain market, and what other regulations can be expected for this rapidly evolving industry?

Societe Generale's Crypto Division Introduces Euro Stablecoin on Ethereum

[Apr 20, 2023 3:06 AM] EURCV will be offered to institutional clients as a means of bridging the gap between traditional capital markets and digital assets.

Societe Generale launches euro-pegged stablecoin on Ethereum

[Apr 20, 2023 1:00 AM] The EURCV stablecoin is only available to institutional investors onboarded by Societe Generale through its KYC and AML procedures.

European Parliament report recommends researching, but not launching, digital euro

[Apr 19, 2023 1:30 PM] A European economist has found that a digital euro would be a problem without a solution; just wait and see, he suggested.

Crypto in Europe: Economist breaks down MiCA and future of stablecoins

[Apr 14, 2023 7:34 AM] A principal economist of the European Commission shares his views on stablecoins and the future of regulations in Europe.