Cointelegraph's law & policy newsletter is back with a discussion of El Salvador's effects, Coinbase's woes, and the digital euro's prospects.
Euro News
The euro is the official currency for the 19 European countries of the Eurozone, along with another nine countries. The euro is the main competitor of the dollar and it has a leading position of being the one of the major reserve currencies. European banks use euro to raise funds in order to secure their core business. This fact makes the euro a funding currency. In terms of cryptocurrency, the euro is used as frequently as the dollar for conversion into digital currency and vice versa, that can be seen for the most popular requests in the Internet such as Euro to Bitcoin, Satoshi in Euro and so on. Besides that, the euro and blockchain technologies are connected, as many investments into these technologies are made in euro by European investors.
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The world’s first decentralized Euro token is on its way to cheaper transactions and widespread adoption with help from a well-known DeFi protocol.
3176“All of your margin balance may be liquidated in the event of extreme price movement,” Binance stated.
25368The underlying architecture of the digital euro will be designed to have a negligible environmental footprint compared to Bitcoin and other crypto-assets.
2679To become a global digital leader, Europe needs a diverse and competitive digital ecosystem.
5534Spain’s oldest active political party is reportedly looking to create a public digital currency.
1681The Bank of France has completed a central bank digital currency pilot for securities transactions in collaboration with Swiss crypto bank SEBA.
5086A rebranded crypto platform has launched a decentralized stablecoin that’s pegged to the euro, and says this asset will be crucial in encouraging the next wave of adoption.
8623"Who’s gonna use the euro in its current form? There are gonna be so many choices," said ConsenSys South Africa lead Monica Singer.
12600Privacy concerns regarding the digital euro abound as the European Central bank tests the waters for a central bank digital currency.
16455The EIB has reportedly hired banks like Goldman Sachs and Société Générale to explore a digital bond registered and settled via blockchain.
16465The ECB will decide whether to proceed with digital euro pilots by mid-2021, Lagarde said.
6605A future digital euro wouldn't be a threat to savers, say officials from the European Central Bank.
8351The new coin is named after a god in Irish mythology and will go by the ticker symbol EURL.
21568The ECB President gives the impression that central banks will avoided copying institutions in hoarding cryptocurrency.
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