Digital Euro


Policy

Digital Euro Will Have Privacy Safeguards, European Finance Ministers Say

Governments are discussing policy options for the central bank digital currency though no formal decision to issue one has been made yet.

Paschal Donohoe, Ireland's finance minister, speaking to members of the media as they arrive for meetings of the Eurogroup and European Union (EU) Economic & Financial Affairs Council (ECOFIN) in Brussels, Belgium, on Monday, Jan. 17, 2022. Germany's Finance Minister Christian Lindner makes his debut at the gathering of euro-area finance ministers in Brussels today, along with newly appointed counterparts from the Netherlands, Austria and Luxembourg. Photographer: Valeria Mongelli/Bloomberg via Getty Images

Videos

EU Digital Euro Designers Wrestle With Privacy Concerns

As the European Central Bank explores the development of a digital euro, designers might favor a centralized system that would inhibit people's transaction privacy. “The Hash” group discusses how user privacy should be protected in digital cash systems, drawing connections to crypto oversight in Canada amid the trucker protests. 

Recent Videos

Policy

Europe's CBDC Designers Wrestle With Privacy Issues

The European Central Bank will likely to opt for a centralized solution for its new digital euro, raising questions about state snooping.

The European Central Bank in Frankfurt, Germany (Holger Leue/Getty Images)

Policy

Small Digital Euro Payments Won’t Need Laundering Checks, ECB Official Says

The proposals regarding the potential future central bank digital currency come as lawmakers prepare to scrap anonymous bitcoin payments.

BRUSSELS, BELGIUM - JANUARY 20, 2020 : Italian member of the European Central Bank's executive board Fabio Panetta (L) and the President of the European Central Bank (ECB) Christine Lagarde (R) are waiting prior an Eurogroup Ministers meeting in the Jusuts Lipsius, the European Union Council headquarter on January 20, 2010, in Brussels, Belgium. The International Monetary Fund (IMF) will present the main findings of its euro area Article IV interim mission. he Eurogroup will discuss the updated draft budgetary plan of Portugal for 2020, on the basis of a Commission opinion. The outcome is expected to be reflected in a Eurogroup statement. The Commission will present its proposal for the draft recommendation on the economic policy of euro area for 2020, published on 17 December. Ministers will have a first exchange of views on the proposal. The Council addresses annual recommendations on economic policy to the euro area as part of the European Semester. (Photo by Thierry Monasse/Getty Images)

Policy

Crypto Remains a Threat: ECB Chief Christine Lagarde

Crypto service providers are accomplices to circumventing Russia sanctions, Lagarde said during an appearance at the Bank for International Settlements’ Innovation Summit on Tuesday.

ECB President Christine Lagarde (Alex Kraus/Bloomberg via Getty Images)

Policy

ECB’s Lagarde Supports Acceleration of Digital Euro Work

Concerns over crypto’s role in evading sanctions have prompted regulators worldwide to speed up efforts in the sector.

European Central Bank (ECB) President Christine Lagarde (Ronald Wittek/Getty Images)

Policy

The Digital Euro: What We Know So Far

The European Commission is planning to introduce a digital euro bill in 2023, but little is known about the European Union's plans for such a currency.

The European Commission wants to introduce a digital euro bill in 2023. (Carlos Moreno / Flickr)

Finance

ECB Hires Former ING Director as Digital Euro Program Manager

Evelien Witlox starts in January and will work on the ECB’s investigation phase of the digital euro project.

ECB image via Shutterstock

Policy

Digital Euro Isn’t Guaranteed After Experiment, ECB Advisor Says

The European bank’s two-year digital euro experiment will focus on a retail CBDC.

FRANKFURT AM MAIN, GERMANY MARCH 27: (BILD ZEITUNG OUT) Sculpture with the euro logo in front of the European Central Bank building on March 27, 2020 in Frankfurt am Main, Germany. (Photo by Mario Hommes/DeFodi Images via Getty Images)

Policy

Bundesbank President Favors Limited Initial Role for Digital Euro

Jens Weidmann voiced concern that during crises consumers would hold all their money with the central bank, cutting off commercial banks’ funding.

Jens Weidmann. (Clemens Bilan/Getty Images)

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