Fabio Panetta News

29.09 / 14:39

Provident Digital Amazon digital euro NOT Digital euro will not be available until 2026, at the earliest

One particular sticking point appears to be around offline use, in which transactions are validated on a peer-to-peer basis, as opposed to online checks conducted by individual banks. "The time to market for this solution is more uncertain” the ECB states.

26.09 / 23:36

CBDC regulation ECB wholesale ECB should have DLT wholesale settlements when the market wants it, official says

The European Central Bank (ECB) needs a wholesale central bank digital currency (CBDC) because market players expect it, ECB executive board member Fabio Panetta told a banking symposium in Germany on Monday. Two options for wholesale CBDCs are currently under consideration.

14.07 / 16:49

Stablecoin regulation Europe digital euro Crypto Community Unimpressed as ECB President Pushes for Digital Euro with Privacy ‘of the Highest Standard’

The European Central Bank (ECB) President Christine Lagarde's new blog post again pushes for the creation of a central bank digital currency (CBDC) in Europe. But although it argues that a digital euro would protect the privacy of its users, the crypto community is not impressed.

16.06 / 14:53

regulation Investing Central Bank digital euro Use of Digital Euro as Form of Investment Can be Prevented - ECB Official

The European Central Bank (ECB), the central bank of the European Union, is advancing discussions on the digital euro project, but decision-makers argue that is possible to fit the central bank digital currency (CBDC) with effective tools that would prevent it from being used as a form of investment - rather, it would only be used as a means of payment, according to Fabio Panetta, Member of the Executive Board of the ECB.

15.06 / 23:39

regulation European Union ECB Euro digital euro Executive ECB may cap digital euro at 1.5T tokens — Executive board member

Fabio Panetta, an executive board member of the European Central Bank, or ECB, proposed the central bank limit the total holdings of a digital euro in an effort to prevent the digital currency from being used as a form of investment.

25.05 / 16:45

business Government Blockchain Stablecoin Ideas vs. practice: How are regulators working together on crypto?

The regulation of cryptocurrencies across the world is a constant battle for investors in a rapidly expanding and constantly changing ecosystem.

21.05 / 08:21

cryptocurrency Ether crypto assets Bitcoin Lagarde says crypto is ‘worth nothing’ and should be regulated

European Central Bank President Christine Lagarde said crypto-currencies are “based on nothing” and should be regulated to steer people away from speculating on them with their life savings.

17.05 / 05:19

Bitcoin price today European Central Bank Bitcoin Bitcoin Price Bitcoin back below $30,000; European regulators renew crypto warnings

European officials reiterated warnings of risks posed by cryptocurrencies.Bitcoin fell 5% to around $29,700 on Monday in Asian trade, sliding alongside stocks because of worries about high inflation and rising interest rates.

16.05 / 18:33

regulation Europe ECB Euro digital euro Digital euro could come as soon as 2026 — ECB official

Fabio Panetta, an executive board member of the European Central Bank, or ECB, has said that a digital euro could come within four years, potentially designed with a person-to-person payment solution.

16.05 / 13:47

cryptocurrency Stablecoin Tether Bitcoin Bitcoin back below $30,000; European regulators renew crypto warnings

Cryptocurrencies resumed their slide on Monday, giving up the gains they had eked out over the weekend, as regulators continued to circle.

16.05 / 13:45

Ethereum cryptocurrency Stablecoin Terra Luna Bitcoin Bitcoin slips back below $30,000 as European regulators renew crypto warnings after Terra Luna crash

Cryptocurrencies resumed their slide on Monday, giving up the gains they had eked out over the weekend as regulators continued to circle.

16.05 / 13:37

cryptocurrency CryptoExplainer Bitcoin Bitcoin Falls Back Below $30,000, Regulators Caution On Crypto Risks

Cryptocurrencies resumed their slide on Monday, giving up the gains they had eked out over the weekend, as regulators continued to circle.

25.04 / 19:23

Law regulation Taxes ECB regulatory ECB needs 'globally coordinated regulatory action' on crypto, says official

European Central Bank executive board member Fabio Panetta said lawmakers across the world must decide how to regulate cryptocurrencies based on potential risks.

09.04 / 00:29

Adoption regulation Central Bank ECB digital euro Executive ECB executive board member talks about current state of digital euro CBDC research

European Central Bank executive board member Fabio Panetta provided an overview of the central bank’s current research on a retail central bank digital currency Friday when he spoke at the IESE Business School Banking Initiative Conference on Technology and Finance. Panetta said the issuance of central bank digital currencies, or CBDCs, is “likely to become a necessity,” but warned that “they should not become a source of financial disruption that could impair the transmission of monetary policy in the euro area.”

06.04 / 18:25

privacy Central Bank European Commission digital euro Here's How You Can Help Shape Digital Euro

Amid an intensification in the European Union’s crypto-focused legislative efforts, the European Commission has launched a new consultation on its digital euro central bank digital currency (CBDC) project. The procedure will allow interested stakeholders who want to help shape a digital euro to voice their opinion to Brussels, with privacy concerns likely to rank as one of the leading topics.

30.03 / 23:27

regulation European Union ECB Euro digital euro ECB official suggests importance of physical stores accepting digital euro

Fabio Panetta, executive board member of the European Central Bank, said focus groups exploring the potential rollout of a digital euro hinted the ability to use the digital currency at online and physical stores could be a key feature.

30.03 / 18:15

Provident Digital Merit digital euro ECB publishes report on payment preferences as part of digital euro investigation phase

Safety and security were a concern among respondents, who sought guarantees against fraud and hacking, as well as secure and reliable payment authentication methods. Biometric methods of payment verification, such as those involving iris scan technology, were widely supported by participants, while flexible and adjustable privacy settings were seen as desirable.“We want the digital euro to add value for end users and merit their confidence,” says ECB executive board member Fabio Panetta, chair of the High-Level Task Force on a digital euro.

11.02 / 08:23

Blockchain Adoption Europe European Union digital euro EU finance chief says digital euro bill coming in early 2023

The European Commission has announced that a bill for a digital euro will be proposed in 2023.

11.12 / 06:51

Digital Platform Action Bitcoin digital euro foreign CBDC: European Central Bank exec worries digital euro may hurt foreign currencies

Crypto investors know well by now that institutions like the European Central Bank [ECB] are suspicious of stablecoins and often warn of their risks.

03.12 / 18:19

COST Provident Digital European Central Bank paper explores CBDC fees and conditions for success

There’s a tendency among consumers to think of CBDCs as simply digital money and assume that the same conditions which apply to notes and coins will also apply to these central bank digital currencies. However, a December paper by the European Central Bank shows why such a mindset is a mistake.

30.11 / 03:35

UPS Digital Action ECB extends oversight of electronic payments to digital wallets and crypto-assets

The framework will also cover crypto-asset-related services, such as the acceptance of crypto-assets by merchants within a card payment scheme and the option to send, receive or pay with crypto-assets via an electronic wallet.“The retail payments ecosystem is evolving fast owing to innovation and technological change. This calls for a forward-looking approach in overseeing digital payment solutions,” says ECB Executive Board member Fabio Panetta.

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