ECB


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

ECB’s Panetta Says CBDCs ‘Likely’ to Be Legal Tender: Report

However, this status “should not be taken for granted.”

ecb, sign

Policy

ECB’s Panetta Says Digital Euro Should Expand Overall Payment Solutions

For the central bank’s digital currency to be successful it should not be seen as competition for private payment solutions.

ECB image via Shutterstock

Policy

Big Tech-Issued Stablecoins Could ‘Amplify Shocks’ to Financial System, Says ECB Exec

CBDCs could therefore represent “an anchor of stability,” according to a member of the ECB’s executive board.

ECB image via Shutterstock

Tech

Italian Payments Giant Nexi Says It Is ‘Contributing’ to Design of Digital Euro

“We are starting to talk about a new version of cash,” Nexi’s CEO said. “That’s why we are engaging with the ECB.”

The EU flag (Christian Lue/Unsplash)

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)

Policy

BIS Signals Central Banks to Start Work on CBDCs

The head of the BIS Innovation Hub says central banks must retain the ability to uphold financial stability.

Benoit Coeure, executive board member of the European Central Bank (ECB), pauses at the central, eastern and south-eastern European economies (CESEE) conference at the European Central Bank (ECB) headquarters in Frankfurt, Germany, on Wednesday, June 12, 2019. International Monetary Fund leader Christine Lagarde called on governments to de-escalate current trade disputes and instead work to fix the global system. Photographer: Andreas Arnold/Bloomberg via Getty Images

Markets

ECB Signals ‘Moderate’ Slowdown in Asset Purchases; Bitcoin Rises

The European Central Bank says it will slow down the average pace of asset purchases but keep the overall size of its quantitative easing program intact.

European Central Bank President Christine Lagarde steps up to podium for press conference Thursday. (ECB, modified by CoinDesk)

Policy

Stablecoins Are ‘Pretending’ to Be Currencies: ECB’s Lagarde

Stablecoins are not currencies, but rather, assets, ECB President Christine Lagarde said.

Alex Kraus/Bloomberg via Getty Images