• Digital yuan threatens euro
    Cryptocurrencies,  Politics

    EU has five years to combat China’s digital yuan

    German think tank dGen editor Maggie Clarendon warns the euro will be overtaken by the Chinese central bank digital currency unless the EU launches its own by 2025

    According to the report, the proliferation of CBDCs could jeopardize the euro's status as the world’s second most important currency. However, dGen believes that a digital euro could help remedy this, and potentially help strengthen ties between member states in the increasingly fractured European Union.

  • French Finance Minister Bruno Le Maire (via the government of France's website).
    Europe,  Libra,  Technology

    Vive the digital euro?

    French Finance Minister Bruno Le Maire and ECB board member Benoît Coeure call for the EU to create its own digital currency

    Shortly after calling for a ban on Facebook’s Libra cryptocurrency, French Finance Minister Bruno Le Maire suggested the European Union should create its own digital currency.