EU unveils plans for digital euro, promising complete privacy
Aug 1, 2023 · The European Commission has paved the way for the introduction of a digital euro. A total of 130 countries, representing 98% of global GDP are currently exploring central bank digital currencies. A global set of standards will help govern and streamline transactions worldwide as central banks prepare to launch digital currencies, the World ...
Tallinn tales: Estonia’s role in developing the digital euro
Nov 26, 2020 · This includes the European Central Bank (ECB), which will decide whether to give the green light to a digital currency by mid-2021. Olt, who worked at the ECB’s Frankfurt headquarters twice, strikes a similar tone. “I don’t think it’s a race but it seems we are steadily moving towards one [digital euro],” he says.
Attack versus defence: central bank digital currencies and ...
Most nations are exploring the possibility of launching a central bank digital currency (CBDC) and a handful of CBDCs are already live. This Global Government Fintech webinar explored the cyber-risks. Central bank digital currencies (CBDCs) are an increasingly prominent topic for government authorities worldwide.
What is digital sovereignty and how are countries approaching it?
Jan 10, 2025 · Since then, the EU has established the Digital Markets Act (DMA), the Digital Services Act (DSA) and the Artificial Intelligence Act (AI Act), which collectively aim to regulate the digital economy and emerging technologies within the bloc.
European Central Bank ponders digital currency launch
Nov 21, 2019 · The Berlin-headquartered Association of German Banks (Bundesverband deutscher Banken) published its position on digital currency at the end of October, calling for a ‘crypto-based digital Euro [to] be created’. The paper warns: ‘Europe must keep up with [the] competition so that the global financial architecture does not lead to a ...
Key takeaways on digital currency from The Davos Agenda
Feb 5, 2021 · The Davos Agenda featured two key sessions about Resetting Digital Currencies with members of the Forum’s Digital Currency Governance Consortium (DCGC) Steering Committee and global leaders in this space including President and Chief Executive Officer of the Western Union Company, Hikmet Ersek; Governor of the Bank of England, Andrew Bailey; …
Estonia launches research into digital currency
Oct 8, 2020 · The ECB said a public consultation on a potential digital euro will launch on 12 October and that it will decide whether to progress a digital euro project by mid-2021. “Eesti Pank, as a small central bank, chooses carefully which Eurosystem development projects we are able to contribute to meaningfully,” Olt said .
Resetting Digital Currencies (Option 1) > The Davos Agenda
Jan 25, 2021 · COVID-19 has accelerated the long-term shift from cash, with an 8% increase in non-cash payments in the euro area in 2020. Meanwhile, central bank digital currencies are emerging, potentially transforming how people use money worldwide. What policies, practices and partnerships are needed to leverage the opportunities posed by the rise of digital currencies? …
Indian government to publish ‘health of civil services’ report
Mar 3, 2022 · The European Central Bank (ECB) has kicked off a tender process for design and business model consultancy for a potential digital euro. The procurement notice carries a total value of €20m (about US$22.1m) and is likely to have major companies scrambling to get directly involved with a potential European central bank digital currency (CBDC).
Central bank digital currencies: Here's the economic effects
Central banks around the world are exploring the case for central bank digital currency (CBDC) – essentially a digital version of cash (Nielpelt 2021). In a new paper (Ahnert et al. 2022a), we provide an overview of the economics of CBDC. First, we outline the economic forces that shape the rise of digital money and motivate the current debate.