ECB News

“Stablecoins are pretending to be a coin, but in fact it’s completely associated with an actual currency,” said Christine Lagarde.

Spain’s oldest active political party is reportedly looking to create a public digital currency.

The European Central Bank should rely on public-private cooperation for issuing a digital euro, an exec at BBVA’s digital regulation team said.

Unlike private companies, the ECB has “no commercial interest” in monetizing users’ data, the ECB executive board member argued.

Banks in smaller countries like Latvia, Estonia and Greece could be more seriously impacted by the digital euro, analysts said.

Greenpeace has said its facility for accepting Bitcoin donations will be scrapped as it is “no longer tenable” in light of the climate crisis.

European Central Bank vice president Luis de Guindos is expecting more sudden price swings for cryptocurrencies as the market sheds $750 billion in a week.

A former Apple executive believes the European Central Bank might just be paying lip service to the concept of privacy in relation to a digital euro.

Decentralized CBDCs will most likely pique the interest of the masses much more than their centralized counterparts.

"Who’s gonna use the euro in its current form? There are gonna be so many choices," said ConsenSys South Africa lead Monica Singer.

Privacy concerns regarding the digital euro abound as the European Central bank tests the waters for a central bank digital currency.

The ECB will decide whether to proceed with digital euro pilots by mid-2021, Lagarde said.

The European Central Bank has demanded veto power from lawmakers in the European Union over private stablecoin projects like Diem.

The ECB President gives the impression that central banks will avoided copying institutions in hoarding cryptocurrency.

The central bank said it will reach a decision on releasing a digital euro "towards the middle of 2021."