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The ECB is set to decide in October whether to continue its CBDC research with a “realization phase.” A report authored by European economist Ignazio Angeloni has recommended conducting research on a digital euro, but not launching the central bank digital currency (CBDC). In the paper titled “Digital Euro: When in
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The Markets in Crypto Assets regulation was first proposed by the European Commission in 2020, and to pass into law has to be approved by the parliament and the EU’s Council, which represents the bloc’s member states. Its main provisions start to apply just over 12 months after publication in
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An analytical paper released by the European Parliament Committee on Economic and Monetary Affairs has given the digital euro a mixed review. The title of the paper summed up its position: “Digital Euro: When in doubt, abstain (but be prepared).”The paper was written at the request of the parliamentary committee
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“There's one central question which hasn't yet been credibly answered, which is what is the added value …. What can I do with a digital euro that I can't do with current payment options?” asked Markus Ferber, economic spokesperson for the center-right European People's Party. “As long as there's no
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According to bankruptcy cryptocurrency exchange FTX, a court in Switzerland has approved a petition allowing the firm to potentially sell its European business.In an April 12 announcement, FTX said a Swiss court granted a petition filed by the board of directors for FTX Europe AG regarding a moratorium proceeding. As
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Officials of the U.S. Treasury Department will travel to Europe this month with the objective of getting more countries to apply punitive actions against Russia. The tour, which includes visits to Switzerland, Italy, and Germany, aims to stop the material support companies in these states provide Russia, threatening to cut
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Two banks from Sweden and France announced the launch of a new digital bond platform built on blockchain technology. The platform will enable institutional clients to issue, trade, and settle bonds digitally, providing a more efficient and secure process compared to traditional methods.The platform, a joint project of Skandinaviska Enskilda
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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.The ongoing downturn in the crypto market hasn’t stopped European venture capital (VC) firms from investing in DeFi projects. A new report revealed that European
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The European arm of FTX, FTX EU has launched a website to allow European customers to submit withdrawal requests.It comes nearly five months after the global trading platform collapsed and went bankrupt in early November.The new website domain name — https://ftxeurope.eu/ — was reportedly approved by the Cyprus Securities and
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The agency emphasized the fact that the private sector has a huge role to play in its vision for Europe’s digital ecosystem. The European Banking Federation (EBF) has published a paper where it shared its views of the digital euro as well as that of the European digital money ecosystem at
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