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Dutch bank ABN Amro has carried out a digital green bond offering that made use of Polygon’s layer-2 Ethereum scaling technology to raise 5 million euros ($5.3 million).The green bond was issued as an ERC-3643 token through Tokeny, an infrastructure platform that uses Polygon to allow financial institutions to issue
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Ultimately central bank officials are usually economists, not marketing experts, and technical answers may only go so far. As Erik Luts, chief innovation officer at Belgian bank KBC, said, for CBDCs to work, people need to trust them, and that requires its proponents not just to argue over details, but
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The European Union's financial services chief, Mairead McGuinness, believes there’s no reason to rush with the digital euro until after the next European elections in June 2024. In her opinion, the EU’s central bank digital currency (CBDC) project should be approached “quietly and slowly” by the next EU Commission, which
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The European Central Bank executive, Fabio Panetta, stated in a speech that the EC proposal for the digital euro could give the CBDC legal tender status. In a speech at the Economic and Monetary Affairs Committee, the
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The European Central Bank (ECB) is quite happy with the European Commission’s legislative proposals for the digital euro. ECB executive board member Fabio Panetta told the European Parliament’s Committee on Economic and Monetary Affairs in a speech on Sept. 4 that the proposals “put Europe at the forefront of advanced
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A group of IBM specialists has prepared some ideas regarding implementing the digital euro that the European Commission could consider. The tech consulting company highlighted five topics that could help design the digital currency. The five areas
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IBM said that simplicity will play a crucial role in the initial adoption of Digital Euro, emphasizing that familiarity strengthens this process. As we know, the European Union has been working on its own central bank digital currency (CBDC) aka Digital Euro, and has been receiving consultations from global tech players.
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IBM has some ideas about what it will take to make the digital euro a success, which it shared in a recent blog post. It suggested five items for designers to help the European Central Bank (ECB) digital currency “enter the highly competitive, multifaceted, and heterogeneous payments landscape in the
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The digital euro “is a solution looking for a problem and potentially only causes problems … it will only cause confusion amongst consumers and could undermine confidence in financial systems,” Hoogeveen said, although he acknowledged his party might not have enough votes to reject the plans outright. “We'll at least
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The deputy governor of the Spanish national central bank, Margarita Delgado, has spoken about the future of the digital euro and how private payment solutions will interact with it. Speaking in line with the recently proposed digital
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