Euro

EU data protection body says digital euro designs must prioritize privacy

EU data protection body says digital euro designs must prioritize privacy

As Europe inches toward the creation of a digitized euro, a data-focused body within the EU is calling for any design proposal to prioritize privacy and protection. The European Data Protection Board, created to implement Europe’s General Data Protection Regulation (GDPR), said that it “stresses that a very high standard of privacy and data protection …

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ECB official floats idea for limits on digital euro holdings to discourage hoarding

ECB official floats idea for limits on digital euro holdings to discourage hoarding

Officials at the European Central Bank have said in recent weeks that they continue to assess all the factors behind a potential launch of a digitized version of the euro. Among those areas of consideration: the potential effect a digital euro might have on the integrity of the European banking system — and how a …

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ECB official: digital euro is ‘necessary’ in several scenarios in Eurozone

ECB official: digital euro is ‘necessary’ in several scenarios in Eurozone

Member of the Executive Board of the European Central Bank Fabio Panetta said in a speech at the ECB conference on Thursday that a digital euro, or the Eurozone’s potential CBDC, could become necessary with evolving consumer preferences, especially if people became reluctant to use cash. In his speech that primarily addressed pan-European payments and …

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Italian Banks Are Ready to Trial a Digital Euro

Italian Banks Are Ready to Trial a Digital Euro

The Italian Banking Association (ABI) announced Thursday that its banks are willing to pilot a digital euro.   The group shared 10 considerations for a digital euro in Thursday’s announcement, starting with, “Monetary stability and full compliance with the European regulatory framework must be preserved as a matter of priority.”  The group prioritized the need for …

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