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European Banking Federation shares its vision of digital euro, wCBDC, bank tokens

[Mar 28, 2023 11:30 AM] The EBF calls itself the voice of the European banking sector; it expressed its support for European digital money, with suggestions of its own.

Digital Euro Key for European Payment Autonomy, ECB President Lagarde Says

[Mar 24, 2023 8:00 AM] The digital euro has an important role in preserving the payment autonomy of Europe, the head of the eurozone’s monetary authority emphasized. The new currency, which is still under development, is meant to be sovereign and safe, cheap and widely…

Binance Bans Russians From P2P Transactions With Dollars and Euros

[Mar 10, 2023 3:30 PM] Cryptocurrency exchange Binance has introduced new restrictions for Russian users, in accordance with the latest European sanctions. The platform is restricting access to peer-to-peer (P2P) transactions in U.S. dollars and euros for traders based…

Stablecoins have plentiful machine-payment use cases in absence of euro CBDC: Report

[Mar 6, 2023 2:00 PM] The Digital Euro Association sees automated micropayments as a way for Europe to maintain its digital competitiveness, once regulations are in place.

BIS General Manager Casts Doubt on Stablecoins, Claiming Tokens Do Not Benefit From Regulations or Central Planning

[Feb 22, 2023 11:30 AM] According to Agustin Carstens, the head of the Bank for International Settlements (BIS), cryptocurrencies have lost the “battle” against fiat currencies issued by the world’s central banks. While speaking at the Monetary Authority…

Binance mints 50M TrueUSD days after Paxos ordered stop issuing BUSD

[Feb 16, 2023 8:22 PM] Despite the minting of $50 million in TUSD, Zhao previously said the regulatory crackdown on stablecoins in the U.S. will cause the USD-back stablecoin market to “shrink.”

Brazil and Argentina to Start Working on Creation of Latam Common Currency

[Jan 24, 2023 5:00 AM] Brazil and Argentina are looking to begin work on the issuance of a common currency. Sergio Massa, minister of the economy of Argentina, also stated that the two countries will be inviting other nations in the area to join this economic integration…

ECB executive board member outlines plans for digital euro to European Parliament

[Jan 23, 2023 11:29 AM] ECB board member Fabio Panetta affirms the ECB’s digital euro privacy policy and says the digital currency will never be programmable, but it may have an app.

Bank of Spain Greenlights Euro-Backed Stablecoin Token Pilot Program

[Jan 23, 2023 1:00 AM] The Bank of Spain has given approval for the launch of a pilot program involving the issuance and usage of euro-pegged stablecoins. The program, which MONEI, a fintech institution, is launching, will allow users to issue digital euros with fiat…

Binance's SWIFT banking partner set to ban USD transfers below $100K

[Jan 21, 2023 6:10 PM] Binance stressed that credit and debit card payments will continue to be accepted and that non-USD bank transfers would still be processed through the SWIFT payment system.

Eurozone Finance Ministers Pledge Support for Digital Euro Project, Talk Privacy

[Jan 19, 2023 2:30 AM] The ministers of finance of the countries in the eurozone reaffirmed their support for efforts to prepare for the potential launch of a digital euro. Meanwhile, the single currency area’s monetary authority sought to reassure future users that the…

Spain's central bank approves euro-linked token pilot as part of sandbox initiative: Report

[Jan 18, 2023 1:45 PM] To use the tokens, users will need to verify their identity through phone and video identification, and load their wallet with real euros.

EU finance ministers’ group releases statement on political aspects of digital euro

[Jan 16, 2023 3:48 PM] The Eurogroup confirmed its support for digital euro research and noted that some of the design and use elements under consideration would require political decision making.

Cross-border crypto scammers on the hit list for EU agencies

[Jan 16, 2023 2:52 AM] Europol and Eurojust, two EU agencies for law enforcement cooperation, joined authorities from Bulgaria, Cyprus, Germany and Serbia to investigate online investment fraud since June 2022.

Cosmos EUR stablecoin project to unwind after 2 years

[Jan 10, 2023 10:15 AM] “The lack of real-world applications for blockchain has led to low demand for non-USD stablecoins,” e-Money wrote.

Dollar Loses to Digital Currencies in 2023, Former Russian President Medvedev Says

[Dec 30, 2022 2:30 AM] Digital fiat currencies will spread next year while the U.S. dollar will be losing its status of global reserve currency, according to Russia’s former head of state. In a string of tweets, Dmitry Medvedev gave his two cents on what the future holds…

ECB to Decide Whether to Issue Digital Euro in 2023

[Dec 24, 2022 5:30 AM] The European Central Bank (ECB) has published a new report on the progress of its investigation into the possible launch of a digital euro. The research will continue next year with the regulator planning to make a decision whether to proceed to…

Rate Hikes Needed to Reduce Eurozone Inflation Despite Recession, Top ECB Official Says

[Dec 22, 2022 9:30 AM] Interest rates will continue to rise while the euro area falls into recession, a high-ranking executive at the European Central Bank (ECB) has indicated. His statements follow the latest rate increase announced by the monetary authority last week…

Digital euro settlement, distribution options detailed in latest progress report

[Dec 21, 2022 1:05 PM] The ECB is continuing its digital euro investigation with more pieces of the potential system filled in, but no commitment to blockchain technology or even its issuance has been made.

Remittances to Low and Middle Income Countries in 2022 Up by 5% to $626 Billion — Latest World Bank Report

[Dec 7, 2022 6:30 AM] Despite the headwinds that have dominated the year, remittances to low and middle-income countries in 2022 still grew by 5% to $626 billion, the World Bank Migration and Development Brief has said. Africa, where the cost of sending $200 averaged…

EIB settles €100 million digital bond on private blockchain

[Nov 29, 2022 9:45 AM] "Unlike some cryptocurrencies using blockchain technology, the EIB's blockchain bond issues do not lead to extensive energy use," the bank wrote.