European lawmaker Sarah Knafo called on the European Union to establish a strategic Bitcoin reserve while rejecting the proposed adoption of the “digital euro,” a central bank digital currency (CBDC) under development by the European Central Bank (ECB), reports Cointelegraph. Knafo, a French magistrate and a member of the European Parliament since June, delivered a […]
The Bank of England (BoE) is proposing an experimental program using its Real-Time Gross Settlement (RTGS) system and wholesale central bank digital currency (wCBDC) to judge their settlement capacity and interoperability, the central bank announced in a discussion paper. Cointelegraph reports that the BoE promised to undertake the new series of experiments within the next […]
There is an interesting update from the European Central Bank (ECB) on a timeline and progress on the Digital Euro project, the central bank digital currency (CBDC). The ECB reports that the preparation phase of the project started in November 2023, laying the foundations for the potential issuance of a digital euro. “This includes finalising […]
Central banks have been exploring ways to issue their own digital currencies for years, writes Mastercard. Yet their efforts haven’t captured the public’s attention — for better or, more recently, for worse — like cryptocurrencies have. But central bank digital currencies, or CBDCs — essentially a digital version of fiat currency backed by a government […]
The EU is set to take the next crucial step towards launching a digital version of the euro, a controversial project that has come under attack from the public, politicians and banks before it even exists, reports RTE News. From China to the United States, Jamaica to Japan, dozens of central banks worldwide are exploring […]