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The ECB's progression into the preparation phase of the digital euro project marks a pivotal step towards modernizing Europe's financial infrastructure. The digital euro, envisioned as a secure, ac

This represents a massive surge since the last update in June when the company said that $300 million were transacted in the first three years after the launch of JPMorgan Coin.

The digital euro will make electronic payments a vital piece of the financial system, the statement claims.

CBDC and de-dollarization saw major strides last week with the 1-million barrel deal on the Shanghai Petroleum and Natural Gas Exchange.

The European Data Protection Board and the European Data Protection Supervisor issued a joint opinion statement on regulating a digital euro.

The BCRA has accelerated its work on legislation to implement the CBDC workflow in the country.

The Bank of Finland actively promotes the development of new forms of payment.

Though the issuance of a digital euro is not a certainty, officials with the European Central Bank are moving to next phase of the project.

Michelle Bowman told a university audience that financial innovation should be justified by need and be properly regulated.

The RBA assistant governor in his speech noted that the pilot CBDC projects have highlighted several key areas where CBDCs could be of great use.

Platform operators would need a licence and be subject to financial services laws

Eetu Kuneinen argued against CBDCs as they are "centralized by nature," saying that certain dangers come with government control.

The government is incentivizing new residents to come develop payment solutions, smart contracts, hard wallets and promotions for the digital yuan.

But digital currency could tackle “extremely high” remittance costs, says IMF’s Tobias Adrian

Nigeria's central bank issued a press release in response to “news items on some media platforms,” suggesting that the eNaira threatens Nigeria’s financial stability.