European Central Bank (ECB) President Christine Lagarde on Thursday emphasized the importance of accelerating the digital euro at both the wholesale and retail levels to decrease Europe's vulnerability.Speaking before the European Parliament's Committee on Economic and Monetary...
The Bank of England (BoE) provided an update on Tuesday regarding its exploration of a digital pound, revealing that no decision has been made on its potential launch.In the 'The digital pound and the payments landscape' document, the bank said that over the past year, significant progress has been...
Russian President Vladimir Putin signed a law on Friday that regulates the circulation of digital currency in his country. The law will come into force on November 1.According to this law, the Russian government will have the power to forbid digital currency mining in some regions and their territories...
The European Central Bank (ECB) released on Monday an assessment of the preparation phase of a digital euro, announcing it will review if the process can enter the next stage in 2025 after the legislative elections in the European Union institutions are completed.The ECB stressed user privacy and...
Former United States President Donald Trump noted at the Libertarian National Convention in Washington DC that, if he is re-elected in November, he will ensure that "the history of crypto and the history of Bitcoin" will be made in his country, "not driven overseas."
"I will support the right to...
Bundesbank President Joachim Nagel said on Monday that the possible introduction of the digital euro would help decrease "the uncertainties" that citizens may have amid "the increasing digitalization of payment transactions."
During his speech, Digital Euro: An Opportunity for Europe, at the...
The European Central Bank (ECB) announced on Wednesday it concluded the investigation phase of the process of establishing a digital euro and entered a preparation one.
According to the bank's written statement, the new stage will begin on November 1 with a view of being fulfilled in two...
United States Federal Reserve Vice Chair for Supervision Michael Barr remarked on Friday that "we are a long way" from introducing a central bank digital currency (CBDC), stressing that it is "currently focused on a system architecture," meaning how to transfer value between a paper banknote to...
The Bank of Russia will begin testing digital ruble on real transactions with real clients on August 15, the central bank's First Deputy Chair Olga Skorobogatova announced on Wednesday.
It is expected for 13 banks to take part in the pilot, all of which have "technically confirmed their...
The European Commission published on Wednesday a proposal for a legal framework for the digital euro as the European Central Bank prepares to decide on the issue in October. The Commission said the framework will set out the essential elements of the currency, which would enable the ECB to...
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