DigitalEU

Digital Euro Will Coexist with Cash, Says European Central Bank's Panetta

3 months ago

In a recent statement that reassured those concerned about the future of cash, European Central Bank (ECB) board member Fabio Panetta emphasized that the forthcoming digital euro is not intended to replace physical currency. During a financial conference in Paris, Panetta addressed anxieties surrounding the potential impact of a central bank digital currency (CBDC) on traditional cash, insisting that both can coexist harmoniously within the European economy.

EU’s Digital Minister Emphasizes Digital Rules Are Not Trade Barriers

3 months ago

In a recent statement, the European Union's Digital Minister, Thierry Breton, sought to clarify misunderstandings surrounding the implications of the EU’s digital regulations on international trade. Speaking at a tech conference, Breton asserted that the digital rules designed to govern online platforms and enhance consumer protection are fundamentally aimed at improving market dynamics rather than imposing barriers to trade.

ECB’s Lane Advocates for Digital Euro to Counter Stablecoin Threats

4 months ago

In a significant statement reflecting the evolving landscape of digital finance, European Central Bank (ECB) Chief Economist Philip Lane voiced strong support for the adoption of a digital euro. Speaking at a recent conference, Lane emphasized that creating a European digital currency is essential to mitigate the growing risks posed by stablecoins, particularly as their popularity and usage increase rapidly.