‘ECB says digital euro will be free to all but limited in scope’
The digital euro will be free to use and available to all, but the European Central Bank (ECB) does not want to let people make programmed, regular payments to cover transactions like bills or rent.
ECB Executive Board Member Fabio Panetta gave the assurances on Monday in a speech to the Europea... Read more
Banks of Sweden, Norway and others team up for digital currency trial
The Swedish Riksbank announced that the Norwegian, Israeli and Swedish central banks have joined hands with the Bank for International Settlements to try out international remittance and retail payments using digital currencies.
The partnership of the central banks of Norway, Sweden, Israel and ... Read more
European Central Bank to launch a digital euro prototype
The European Central Bank, Amazon and four other companies are ready to develop a prototype of the digital euro.
The European Central Bank has selected five companies to assist in the testing of the future digital euro project. The conglomeration of banks -- including Nexi, Italy's EPI, France's... Read more
European and US regulators are worried about Russian-sponsored cyber-attacks on banks
The European Central Bank is warning banks to be ready for a potential Russian-sponsored cyberattack as tensions about Ukraine mount ever higher. Reuters reported that two people with knowledge of the matter said the region is bracing for a conflict's financial impact.
The stand-off between Russ... Read more
ECB claims Digital Euro will protect Europe from big tech
Fabio Panetta, the former Director of the Bank of Italy, explains the progress made on the Euro central bank digital currency. Many observers noted that his comments and rhetoric seem to follow a monotonously familiar approach.
The European Central Bank has a habit of playing up threats or confl... Read more
European Central Bank closes one of its websites after hack
The European Central Bank (ECB) yesterday closed one of its websites after it was hacked and infected with rogue software. No market-sensitive data was stolen during the attack.
The hack was aimed at the ECB's Integrated Reporting Dictionary (BIRD), reports Reuters. The ECB uses this to provide b... Read more