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The consultation, which is open until May 3, asks questions about issues like ease of use, availability, fees, standards, and the caps on holdings needed to safeguard financial stability. The digital euro could be used by EU residents, tourists, or trade partners, the consultation said. The document is the likely
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No formal decision has yet been taken whether to issue the central bank digital currency (CBDC), but the EU is already considering how to tie payment innovations to anti-money laundering rules, both for the digital euro and private cryptocurrencies such as bitcoin. Source
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But they come in the week that the EU prepares to end the possibility for anonymous crypto payments altogether. The European Parliament is due to vote Thursday on how to extend existing money laundering controls to crypto payments. An existing threshold of 1,000 euros ($1,100 U.S.) under which a payer’s
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QMALL keeps going strong and surprises its customers with a rather pleasant announcement as it’ll be soon receiving a license in Europe. The exchange created by Mykola Udianskyi and Bohdan Prylepa in 2021 has already proven itself as a top exchange worldwide with over 100k users already partaking in it. On top
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The president of the European Central Bank (ECB), Christine Lagarde, says that a digital euro will not replace cash but would complement it. “A digital euro would give you an additional choice about how to pay and make it easier to do so, contributing to accessibility and inclusion,” the ECB
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The executive arm of the EU is gearing up to start public consultations on the digital euro project next month. The European Commission will also prepare new legislation to establish the legal basis for the digital version of the common European fiat. A draft is expected in 2023. EU Finance Chief
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The European Commission is planning to introduce a digital euro bill in 2023, but little is known about the EU’s plans for a central bank-issued digital currency. Original Source
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The European Central Bank is concerned over inflation in the euro area rising beyond its own expectations, a high-ranking ECB official has admitted. However, Europe’s monetary authority is not prepared to raise interest rates at this point in time, the executive unveiled. ECB Sees No Reason to Adjust Interest Rates
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Bitcoin (BTC) regained its bullish strength after reclaiming $50,000 last week and continued to hold the psychological level as support on Dec. 27. Meanwhile, its rival for the top safe-haven spot, the U.S. dollar, also bounced off a critical price floor, hinting that it would continue rallying through into 2022.Triangle
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