Euro Inflation Hits Record Highs, ECB Not in Rush to Raise Interest Rates
The European Central Bank is anxious over inflation within the euro space rising past its personal expectations, a high-ranking ECB official has admitted. However, Europe’s...
Central Banks of France, Switzerland and BIS Complete Cross-Border CBDC Trial
Bank of France, the Swiss National Bank (SNB), and the Bank for International Settlements have efficiently examined the applying of wholesale central financial institution digital...
$11 Billion Added to Stablecoin Economy in 10 Days, UST and OUSD Issuance Swells
During the final week of November, the stablecoin financial system had crossed the $150 billion mark for the primary time with tether and usd coin...
Russia Considers Partially Replacing Dollar Reserves With Digital Assets in Future
Amid ongoing sanctions, the government of Russia has been working to limit the country’s dependence on the U.S. dollar. The Ministry of Foreign Affairs now...
Future of Digital Euro ‘Not Clear Yet,’ Former Eurogroup Official Says
Europe’s digital currency project has made some progress recently, with the Eurozone’s central bank moving to its next stage. Critics point, however, to the continuing...
Digital Euro Project Gets Going as ECB Launches Investigation Phase
After months of deliberation, the European Central Bank has decided to proceed with a digital euro project. Officials insist the new version of Europe’s common...
Bank of France, Swiss Crypto Bank Test Securities Settlement Using CBDC
The Bank of France has successfully completed an experiment involving the use of CBDC to settle listed securities. The test has been carried out with...
Crypto Payments App Bottlepay Is Now Available Across Europe
U.K.-based crypto payments provider Bottlepay has started offering services in other European countries. Users on the Old Continent will be able to send and receive...
ECB: Digital Euro to Boost Global Appeal of European Money, Fight ‘Artificial Currencies’
The digitization of traditional currencies like the euro has the potential to increase their international appeal, the European Central Bank says in a new report....