Euro Financial News

07.04 / 05:51

CBDC regulation European Union ECB Euro CBDC will be used for ‘control’ ECB president admits in vid chat with fake Zelensky

A widely shared video of European Central Bank (ECB) President Christine Lagarde admitting that a Digital Euro will be used in a "limited" way to control the payments people can make was taken from the three week old prank video.

29.03 / 08:55

Adoption Digital Currency regulation Europe European Union Euro lawmakers crypto transfers EU lawmakers push for stricter rules on anonymous crypto transfers

European Union lawmakers have adopted new draft legislation that would impose a 1000 euro ($1,083) cap on anonymous crypto asset transfers in a bid to combat money laundering and terrorist financing.

28.03 / 18:01

Adoption Europe European Union Banks Central Bank banking Euro digital euro European Banking Federation shares its vision of digital euro, wCBDC, bank tokens

The European Banking Federation (EBF) has released a paper detailing its vision for the digital money ecosystem of the future, and the retail digital euro in particular. The carefully worded paper expressed values and concerns about the digital euro from the perspective of commercial banks.

06.03 / 23:09

Stablecoin Adoption Digital Currency Euro 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.

03.03 / 17:57

Stablecoin Adoption Europe Tether coinbase European Union Euro Backed Regulation and risk: Factors driving demand for a euro-backed stablecoin

Stablecoins are a type of cryptocurrency offering investors price stability. The most popular stablecoins are those backed by the United States dollar — the world’s leading reserve currency. Others are less popular and not widely used, so many may not have heard of alternatives if they haven’t searched for them.

03.02 / 00:31

Government Stablecoin Adoption defi regulation Europe Euro approved 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.”

23.01 / 21:07

CBDC Adoption Digital Currency Euro digital euro Executive 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.

18.01 / 23:23

business Central Bank Euro Spain's central bank approves euro-linked token pilot as part of sandbox initiative: Report

The financial sandbox ar of the Bank of Spain, or Banco de España, has reportedly approved a project from fintech firm Monei testing a token linked to the euro.

17.01 / 11:29

CBDC regulation Bank of England Euro Bank of England governor questions need for digital pound

Andrew Bailey, the Bank of England (BoE) governor, expressed skepticism on the need for a digital pound shortly after finance ministers from eurozone countries backed further work on a digital euro.

17.01 / 00:51

CBDC regulation ECB Euro digital euro EU finance ministers’ group releases statement on political aspects of digital euro

The Eurogroup, consisting of all the finance ministers from the euro-zone countries, released a statement Jan. 16 on the introduction of the digital euro, after meeting in Brussels. The group meets regularly to discuss political dimensions of the potential digital currency, it said. The statement release coincides with the release of a European Central Bank (ECB) “stock taking” document detailing the progress of digital euro design.

21.12 / 22:23

Adoption Central Bank ECB Euro digital euro settlement Digital euro settlement, distribution options detailed in latest progress report

Progress continues on the creation of a digital euro, and the European Central Bank (ECB) has documented it in a second progress report that described design and distribution options recently approved by its governing council. The report considered four crucial issues, roughly in keeping with the timeline the ECB set for itself that tentatively culminates in a decision on whether to transition from the investigation to the realization phase of work in Q3 2023.

07.11 / 22:13

regulation ECB Euro digital euro Support Queen Máxima of the Netherlands comes out in support of digital euro

Máxima Zorreguieta Cerruti, Queen of the Netherlands, said she was encouraged by the work the European Central Bank had accomplished in its efforts to launch a digital euro.

16.09 / 22:17

business Amazon applications Euro digital euro European Central Bank chooses Amazon and 4 other firms to prototype digital euro app

The European Central Bank, or ECB, has announced it will be collaborating with five companies for the development of potential digital euro user interfaces.

29.08 / 18:49

business Investments CME Euro CME Group launches euro-denominated Bitcoin and Ether futures

Derivatives marketplace Chicago Mercantile Exchange Group has launched trading for Bitcoin euro and Ether euro futures contracts.

22.08 / 19:43

markets Europe Euro Bitcoin Bitcoin whales attack sellers at $22.3K as euro drops below USD parity

Bitcoin (BTC) drifted near $21,000 on the Aug. 22 Wall Street open as the new week began without a rebound.

04.08 / 19:05

business Bitcoin Futures CME Euro CME Group plans to launch euro-denominated Bitcoin and Ether futures

Major derivatives marketplace Chicago Mercantile Exchange Group aims to launch trading for Bitcoin euro and Ether euro futures contracts starting on Aug. 29.

29.07 / 14:39

European Union Euro Bitcoin Dollar week Bitcoin holds $24K as US dollar taps 3-week lows on Eurozone inflation report

Bitcoin (BTC) sought to pin $24,000 as support before the July 29 Wall Street open as fresh inflation data sparked worries for the euro.

13.07 / 16:35

Ethereum Euro Bitcoin Dollar Bitcoin tanks on highest CPI data since 1981 as BTC price dips under $19K

Bitcoin (BTC) fell $800 in minutes on July 13 as the latest United States Consumer Price Index (CPI) data came in far ahead of estimates.

12.07 / 14:57

Energy Euro Time Euro reaches parity with dollar for the first time in 20 years

The euro and the dollar have reached parity for the first time in 20 years, signalling the market's assumption that the European economy is heading for a deep recession as a result of Russia's invasion of Ukraine.

11.07 / 19:37

markets Euro Bitcoin Dollar Bitcoin risks new lows as $20K looms amid dollar euro parity

Bitcoin (BTC) headed for $20,000 after the July 11 Wall Street open amid fresh warnings to “prepare for new lows.”

16.06 / 16:01

business Stablecoin Circle Euro Backed Circle launches euro-backed stablecoin EUROC

USD Coin (USDC) issuer Circle Internet Financial is launching a fully-reserved stablecoin pegged to the euro, signaling to the market that demand for crypto foreign exchange services remains high despite recent industry turmoil.

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