In the biggest hint yet that the ECB is open to the idea of welcoming a project like Libra—subject to regulatory compliance, of course—Lagarde said a digital euro “could provide an alternative to private digital currencies and ensure that sovereign money remains at the core of European payment systems.
-
-
Facebook CEO mark Zuckerberg's Libra stablecoin project is taking yet more heat from EU ministers (Photo: Wikimedia Commons/Anthony Quintano)EU leaders to Libra: Follow tough rules or face ban
In new proposals, some of Europe’s biggest economies want Facebook’s stablecoin project to be based in the EU and not in Switzerland… or else
Five of Europe’s biggest economies are urging the European Commission to enforce strict regulations for stablecoins—in the surest sign yet that Facebook’s embattled Libra project isn’t out of the woods despite drastic changes.
-
China testing digital yuan in four cities
European and Asian countries have been scrambling to catch up in the race for a digital currency, even as the U.S. drags its heels; annoucement suggests no 2022 Winter Olympics roll-out
The People’s Bank of China (PBoC) said in an April 17 release that its prototype, central bank-issued digital yuan is being put through its paces in Shenzhen, Chengdu, Suzhou, and Xiong’an, which lies about 60 miles from Beijing. It will also be tested at the 2022 Winter Olympics in Beijing.
-
6 central banks team up to explore digital currencies
England’s apex bank is joining forces with the Bank of Canada, the Bank of Japan, the European Central Bank, and others to study use cases for central bank digital currencies
The Bank of England’s statement said the group will explore “CBDC use cases; economic, functional and technical design choices, including cross-border interoperability; and the sharing of knowledge on emerging technologies.”
