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The European Commission and the European Central Bank (ECB) are teaming up to consider potential issues that could arise from the digital euro before a decision is made to kick off the digital currency’s development this summer. The two EU institutions now plan to cooperate on “exploring the possibility of issuing a digital euro, as...
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A digital euro may still be far off but Bank of America is warning it could be bad news for the region’s banking industry if there is mass public acceptance.  In a Tuesday report, BofA analysts said digital euro accounts to individuals, if they are seen as a popular alternative, would cut into commercial bank...
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European Central Bank President Christine Lagarde Sunday announced an ECB survey of public opinion regarding the issuance of a digital euro, implying the central bank is considering a retail central bank digital currency (CBDC), not just one intended for use between banks, which would represent a much more profound change in the way finance works,...
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At the height of 2017’s ICO boom, European Union member Estonia said it had the digital backbone to issue its citizens a national cryptocurrency, an “Estcoin.” At the time, then-European Central Bank (ECB) President Mario Draghi slapped down Estonia’s plans. But in an interesting indication of how far things have come, Estonia’s latest round of...
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