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“The arguments on balance today would not favor such a decision to issue a CBDC in my view,” said Italian economist Ignazio Angeloni, who wrote a paper for the Parliament this year titled “Digital Euro: When in doubt, abstain (but be prepared).” Source
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As the Bank of Spain embraces the potential adoption of a digital euro, the country’s population doesn’t appear to have the same strong appetite for the European Central Bank’s digital currency project. This emerges from the results of a survey published by the Bank of Spain entitled “Study on the habits in
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The European Central Bank emphasizes that the digital euro will modernize and future-proof the pan-European financial ecosystem. The European Central Bank (ECB) today has published a statement on how the digital euro will benefit EU consumers and transform the European economy. The ECB emphasized that its key aim is to proactively
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Binance is currently in the process of finding partners for dealing with fiat transactions in the UK, as British users are still unable to deposit GBP. Leading global cryptocurrency exchange Binance has successfully onboarded fresh fiat partners to facilitate euro transactions after halting the services earlier this year due to regulatory
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On Oct. 18, the European Data Protection Board and the European Data Protection Supervisor issued a joint statement on regulating a digital euro, as proposed by the European Commission in July 2023. The regulators made several recommendations to enhance the personal data protection standards for the European Union central bank digital currency
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Crypto exchange Binance has announced it has onboarded new partners to handle euro deposits and withdrawals, months after losing its previous fiat partner PaySafe in September. In an Oct. 19 statement, Binance announced that it had signed agreements with new fiat partners for euro payments, deposits, and withdrawals.The move follows regulatory
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The company has signed agreements with "a number of new regulated and authorized fiat partners" to provide EUR services for its users in Europe, according to a Binance blog post. Services include EUR deposits and withdrawals via the Single Euro Payments Area (SEPA) payment network, EUR spot trading pairs and
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Bank of Finland (BOF) is coordinating the creation of a Finnish instant payment solution compatible with European standards. BOF board member and member of the Governing Council of the European Central Bank (ECB) Tuomas Välimäki made the announcement on Oct. 19. Välimäki revealed that the Bank of Finland is actively promoting
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If successful, the project will further move to the next stage, closer to the issuance. The full rollout will be possible only after completing the European Union’s legislative process by the Governing Council. The Governing Council of the European Central Bank (ECB) is moving to the next phase of the digital euro
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The governing council of the European Central Bank (ECB) has announced it will begin the ”preparation phase” for the digital euro project following a two-year investigation.In an Oct. 18 notice, the ECB said it plans to “start laying the foundation for the possible issuance of a digital euro” beginning on
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