ECB

Europe

ECB President: Europe Has Fallen Behind in the Digital Payments Race

European Central Bank President Christine Lagarde said a digital euro can place the region at the cutting edge of innovation but it may have fallen behind in the global competition for creating digital payment ecosystems.

Policy & regulation  ·  11 September 2020
Newsletters

First Mover: ECB Stimulus May Offer Market Hope After Bitcoin Fails (Again) to Break $10K

After another failure above the $10,000 mark, some bitcoin traders are now looking ahead to this week's European Central Bank meeting, where authorities could commit to an extra €500 billion in money injections – er, asset purchases.

Markets  ·  3 June 2020
ECB

‘Game-Changer’ Retail Digital Currency Now European Central Bank’s Focus, Board Member Says

The European Central Bank is looking into what a retail central bank digital currency form of the euro might look like, executive member Yves Mersch said.

News  ·  11 May 2020
CBDC

French Central Bank Puts Out Call for Digital Currency Experiments

France's central bank is calling for digital currency proposals with an experiment that moves it to the front of Europe's CBDC debate.

Policy & regulation  ·  30 March 2020
Cryptocurrency

ECB’s Lagarde: We Want to Develop Digital Currencies but Won’t Discourage Private Initiatives

Lagarde said the ECB will continue researching CBDCs and will not stand in the way of any private initiatives.

Policy & regulation  ·  8 January 2020
Facebook

Facebook’s Social Media Platforms May Give Libra Unfair Advantage, Says ECB’s Lagarde

Facebook could leverage its social media platform to block out competitors, according to Christine Lagarde.

Policy & regulation  ·  20 December 2019
CBDC

‘Anonymity Vouchers’ Could Bring Limited Privacy to CBDCs: ECB Report

Europe's central bankers have developed an "anonymity voucher" to give prospective CBDC users limited privacy in their retail transactions.

Policy & regulation  ·  17 December 2019
Stablecoins

European Union to Regulate Stablecoins, Not Issue Its Own: Source

Contrary to earlier reports, a source tells CoinDesk the EU isn't looking to issue its own digital currency in response to Libra.

Markets  ·  6 November 2019
Europe

Central Banks to Question Facebook-Led Libra Over Financial Risks

The Libra Association is to be grilled by 26 central banks over the perceived risks to financial stability posed by the crypto project.

Policy & regulation  ·  16 September 2019
Europe

ECB’s Mersch Warns Over ‘Treacherous Promises’ of Facebook Libra

Yves Mersch has warned of the threat posed by Facebook's Libra to monetary policy and consumers in the EU.

Policy & regulation  ·  2 September 2019
Europe

ECB Says It Plans to Use More On-Chain Data to Monitor Crypto Assets

The European Central Bank has issued a new report revealing plans to use more granular blockchain data to better monitor the crypto markets.

Policy & regulation  ·  7 August 2019
Europe

Facebook’s Libra Is a ‘Wake-Up Call’ for Regulators, Says ECB Policymaker

Benoit Coeure of the European Central Bank has said projects like Facebook's Libra require faster action from regulators.

Policy & regulation  ·  8 July 2019
CBDCs

ECB Official Says Wholesale Central Bank Digital Currency a ‘Viable Option’

A European Central Bank council member has come out generally in favor of wholesale central bank digital currencies.

Policy & regulation  ·  28 May 2019
Europe

Cryptocurrencies Pose No Threat to Financial Stability: EU Central Bank

The European Central Bank has said that cryptocurrencies are currently not a threat to financial stability in the euro zone.

Policy & regulation  ·  20 May 2019
Europe

Crypto-Friendly Money App Revolut Wins EU Banking License

Revolut, provider of a mobile finance app that offers crypto trading, has been granted a banking license from the European Central Bank.

Policy & regulation  ·  14 December 2018