# digital euro

ALL From digital euro

European Bankers on Digital Euro: ‘ECB Has No Interest in Users’ Personal Data’

The Views Magazine's April issue featured the opinions of private and public banking institutions on the digital euro, as stakeholders within the European Union continue to research the potential of a single central bank digital currency (CBDC). Evelien Witlox, the program manager of digital euro at the European Central Bank (ECB), laid out three digital euro use cases prioritized by the ECB. Private bankers raised concerns about the digital euro's impact on their business model, but Burkhard Balz, a member of the executive board at Deutsche Bundesbank, believes that the private sector should run the distribution of the digital euro. The magazine also features interviews with American and Asian officials on the prospects of crypto regulation in general. On April 24, the ECB released its third progress report on digital euro design, featuring onboarding by payment service providers, touchless in-store sales, online and cross-border functionalities.

Crypto Morning Briefing: UK Treasury Opens Tax Policy Consultation on DeFi Staking and Lending

Robinhood Introduces Robinhood Connect To Enhance DeFi Accessibility; Circle Policy Head Shares Key Predictions on Potential Digital Euro; Shiba Inu Whales Unload Billions Amid SHIB Price Retreat

Circle Policy Head Shares Key Predictions on Potential Digital Euro

Patrick Hansen, the Director of EU Strategy and Policy at stablecoin issuer Circle has shared some key predictions concerning the proposed Central Bank Digital Currency (CBDC) for the European Union. While the CBDC, also dubbed the Digital Euro is yet to be launched, Hansen said should it be launched, it will exist in three different forms.

Don’t Cap Digital Euro Holdings, European Parliament Study Says

A digital euro system shouldn’t limit users’ holdings, a paper produced for the European Parliament said, arguing that the risks to financial stability of people deserting conventional banks are overstated.

ECB's Panetta Reinforces Digital Euro Focus on Payments

The European Central Bank's (ECB) digital euro project is entering its final phase, according to Fabio Panetta, a member of the ECB's executive board. Panetta stated that the digital euro would focus on making payments easier for Europeans, with the goal of establishing it as a universal payment method. He also suggested that the digital euro could be given legal tender status, obliging all merchants to accept it, and allowing banks and payment processors to reduce their reliance on other providers. Panetta emphasized that the digital euro should fulfill ideal requirements, including the ability to be used anywhere in the euro area, regardless of the intermediary or country. The next phase of the project will involve the development and testing of technical solutions and working with the European Commission on legislative proposals.

European Central Bank: Digital Euro to Offer 'Maximum Privacy,' Though Not as Much as Cash

A new central bank digital currency (CBDC) in Europe would be designed with privacy in mind, although it would never be as private as cash is, according to a European Central Bank (ECB) official.

Crypto Morning Briefing: Binance.US Finally Lists Floki Inu Amid Massive 33% Rally

ECB Considers Digital Euro to Complement Cash with Maximum Privacy; China’s Big CBDC Plan: Digital Yuan For Europe Trade; Binance Launches Liquid Staking Token, Joins Growing Market After Ethereum’s Latest Upgrade

ECB Considers Digital Euro to Complement Cash with Maximum Privacy

The European Central Bank (ECB) is considering issuing a digital euro, which would be designed to complement cash rather than replace it, according to Fabio Panetta, a member of the ECB board. Speaking before the Committee on Economic and Monetary Affairs at the European Parliament, Panetta said that the potential digital currency would have a maximum level of privacy, although it may not offer the same level of anonymity as cash. He said that the ECB was studying the possibility of enabling "fully anonymous" payments for low-value transactions. Panetta also said that the project had yet to determine whether digital euros would be issued on a centralized or decentralized system. ADCB officials have previously noted privacy as a "fundamental right" in the development of the currency, but emphasized that it also needed to comply with objectives of preventing money laundering and tax avoidance.

Crypto Morning Briefing: Space and Time and Microsoft Make Blockchain Data Accessible on Azure Marketplace

Maple Finance Launches Pool for US Treasury Yields; Trump’s Second NFT Collection Sells Out While Prices On First Collection Plunge; Metacade to List On CEX, BitMart, Opening Up Trading to 9 Million Users

European Parliament Report Recommends Researching, but Not Launching, Digital Euro

An analytical paper released by the European Parliament Committee on Economic and Monetary Affairs has given the digital euro a mixed review. The title of the paper summed up its position: “Digital Euro: When in doubt, abstain (but be prepared).”