Bitcoin Holds Steady Above $25K as Euro Banking Crisis Eases
BTC has remained in a range between $24,200 and $25,200 over the past 24 hours. Investors are hoping the Federal Reserve relaxes its recent monetary hawkishness. Source
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EU Merchants Could Be Required to Accept Digital Euro, Ministers Told
Legal tender status “would imply a legal obligation for (certain) payees to accept payments in digital euro … thereby increasing its network effects, and potentially affecting its distribution,” said the document, drafted by the secretariat of the Eurogroup, which brings together finance ministers from the 20-nation currency area, ahead of
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Stablecoins have plentiful machine-payment use cases in absence of euro CBDC: Report
Europe could lead the world in developing the Internet of Things (IoT) by harnessing the potential of stablecoins, the Digital Euro Association argues in a new report. Machine-to-machine (M2M) payment is a field poised for growth, and stablecoins, in particular, offer advantages for it, the report says.There are growing use cases
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ECB Says Digital Euro Should Focus on Online Payments First & Onboard Other DeFi Functionality Later
Although yet to decide on a digital euro, the ECB already believes the CBDC should prioritize online payments and peer-to-peer transactions. According to the European Central Bank (ECB), the upcoming digital euro should prioritize online and peer-to-peer payments. In a recent online publication, the Eurosystem banking entity explained that other possible
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Digital Euro Should Prioritize Online, Peer-to-Peer Payments, ECB Says
The slideshow, published for a Wednesday meeting, says other uses such as paying taxes, receiving welfare payments, or even paying in physical stores would only follow in a later, second tranche of developments for the central bank digital currency (CBDC). Original Source
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Euro stablecoin launched in Finland, claims to be first approved in the EU
Finnish company Membrane Finance has released a fully-reserved stablecoin backed by the euro, according to a Feb. 2 blog post from the company. The company is licensed by the Finnish Financial Supervisory Authority (Fin-FSA) and claims that the new ”EUROe” coin is “the first and only EU-regulated crypto stablecoin.”Membrane Finance
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Euro Zone Economy Pops Higher Than Expected in Q4 2022
Despite surpassing expectations in 2022 Q4, some economists are projecting that the euro zone could transit into a recession later this year. The euro zone economy report for 2022 Q4 came in better than expected, calming fears of possible regional recession. According to preliminary Eurostat data released on
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ECB Says Digital Euro Will Be Free, Outlines More Plans
The ECB believes that the digital euro answers the increasing preference for digital payment.Speaking to a European Parliament committee on the 23rd of January, an executive board member of the European Central Bank (ECB), Fabio Panetta, revealed that the digital euro will be free to use. The central bank has
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EU Plans Digital Euro Bill, Metaverse Policy for May, Commission Says
“Our legislation will be the framework for a digital euro,” Mairead McGuinness, the European Union's financial services commissioner, told lawmakers on the Economic and Monetary Affairs Committee Tuesday. “It will be negligent if Europe did nothing now, but at some point in five or 10 years had to urgently rush
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ECB executive board member outlines plans for digital euro to European Parliament
The digital euro, should it come into existence, will preserve the role of the central bank by extending payment options beyond those offered by cash, European Central Bank (ECB) executive board member Fabio Panetta told a European Parliament committee Jan. 23.Panetta expressed satisfaction with the progress of research on a
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