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.
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).”
ECB President Lagarde Warns of ‘Major Disaster’ If US Defaults on Debt Obligations
Christine Lagarde is the President of the European Central Bank (ECB). According to the article you mentioned, Lagarde warned in a speech in September 2021 that a potential default by the United States on its debt obligations could lead to a major disaster for the global economy.
ECB Needs to Keep Hiking the Interest Rates: Governor of Belgium’s Central Bank
Governor of the National Bank of Belgium – thinks the European Central Bank (ECB) should keep raising the interest rates to combat the bothersome inflation. The institution lifted the rates to 3.5% in March (the highest since the financial crash in 2008).
Europeans to See More Interest Rate Hikes, Central Bank Governors Indicate
Although the European Central Bank (ECB) has done most of the work in terms of interest rate hikes, it still has a “little way to go,” Banque de France Governor Francois Villeroy de Galhau said on Wednesday, quoted by Reuters.
Crypto Firms Needs to Be ‘Supervisable’, Says ECB Board Member
Elizabeth McCaul, a supervisory board member of the European Central Bank (ECB), has called for additional oversight of crypto firms operating in a borderless state outside typical attempts at supervision.
ECB’s Panetta Says Pay More Attention to Price Impact of Profits
European Central Bank Executive Board member Fabio Panetta said company profit margins might be having a bigger impact on inflation than is generally acknowledged, according to an interview with the New York Times.
ECB Joins Global Central Banks in Balance Sheet Expansion YTD
Central banks talk a tough game regarding quantitative tightening, but in 2023, we are seeing balance sheet expansion (quantitative easing).
ECB’s Lagarde Says Digital Euro Has Key Role in Payment Autonomy
A digital euro has a key role to play in safeguarding European payment autonomy, according to European Central Bank President Christine Lagarde.
EU Crypto Banking License Procedures Are too Inconsistent, ECB Says
Euro-area banks’ requests for crypto licenses need to be made more consistent given the divergence of crypto laws within the region, the European Central Bank said in its annual report published Tuesday.