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“# Spanish Socialist Workers’ Party pens public digital currency initiative ” The Spanish Socialist Workers’ Party (PSOE), the governing political body in Spain, is backing a new national digital currency initiative. PSOE, Spain’s oldest active party and the leading force in the Congress of Deputies, has introduced a non-law proposition to launch a national digital…
“# Banque de France tests digital currency-based securities settlement ” The central bank of France — Banque de France — is continuing its work on the development of a European central bank digital currency (CBDC). On Monday the bank officially announced the successful completion of a CBDC experiment with major Switzerland-based cryptocurrency bank SEBA. Conducted in…
“# ECB endangers itself by waiting around on digital euro, says ConsenSys exec ” The European Central Bank will put itself in jeopardy if it waits around a digital euro too long, according to an executive at major cryptocurrency firm ConsenSys. ConsenSys South Africa lead Monica Singer joined in at the European Blockchain Convention to discuss…
“# European Central Bank releases results of digital euro consultation ” The European Central Bank has published the results of a public consultation on a potential digital euro as the institution inches closer to deciding whether to formally study such an initiative. According to a Wednesday announcement, the ECB received more than 8,200 responses to its public…
“# European Investment Bank reportedly to issue bonds with blockchain tech ” The European Investment Bank, an international financial institution owned by European Union member states, is reportedly exploring blockchain technology for issuing digital bonds. According to a Tuesday Bloomberg report, the EIB has hired major global banks like Goldman Sachs, Banco Santander and Societe…
“# Digital euro could take four years, says ECB president Christine Lagarde ” It could be a while before European Union gets a central bank digital currency, if it gets one at all. In a Wednesday interview with Bloomberg Television, European Central Bank President Christine Lagarde laid out the complex decision-making process with which the bank will…
“# European Central Bank tries to quell Germans’ doubts about digital euro ” The European Central Bank, or ECB, has been investigating the possibility of launching a digital euro project within five years to complement existing central bank money. But whereas high-profile leaders such as ECB president Christine Lagarde have been largely positive about the…
“# French retail giant will launch Tezos-based stablecoin ” Groupe Casino, a 120-year-old retail company headquartered in France, will reportedly be launching a stablecoin pegged to the Euro. According to journalist Grégory Raymond, the French retail giant will be launching the stablecoin to use in its stores’ loyalty programs as well as for trading. Groupe…
“# ECB’s Lagarde says central banks holding Bitcoin is ‘out of the question’ ” The head of the European Central Bank (ECB) thinks that central banks worldwide will not be holding Bitcoin (BTC) any time soon. In a conference call with The Economist on Feb. 10, Christine Lagarde showed herself to be firmly risk-off when…
“# ECB leader floats 3K threshold for digital euro holdings ” In an interview today, Fabio Panetta, executive member of the European Central Bank said the ECB may only allow digital euro holdings “up to a certain threshold” but added that the rollout of the central bank digital currency was unlikely to cause banks to lose…