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EU firms up plans for introduction of digital euro

0xMain
June 14, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The European Union’s executive branch is set to propose a plan for a digital euro, mandating the ECB to establish usage regulations. The European Union’s executive branch is preparing...

Crypto.com lists euro pairs for bitcoin, ethereum traders

0xMain
May 25, 2023

Bitcoin, Crypto.com, Ethereum)?, euro, Hacking, lists, pairs, traders

Crypto.com, a popular cryptocurrency exchange, is listing the Euro and pairing it with several crypto assets, according to an update on May 24. The exchange is taping into Euro’s liquidity, enabling the trading of bitcoin (BTC), ethereum (ETH), and USDT. Euro pairs The...

Euro coin (EUROC) now live on the Avalanche blockchain

0xMain
May 25, 2023

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Stablecoin issuer Circle has introduced euro coin (EUROC) on the Avalanche network, marking the second blockchain to support the asset. EUROC, backed by the euro at a 1-1 ratio, offers developers another avenue to serve users through integration into decentralized applications (dApps). Circle’s...

ECB approves third digital euro design options set

0xMain
April 26, 2023

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The European Central Bank (ECB) released its third progress report on the digital euro today, along with the findings of focus groups commissioned to gather people’s views on the features of a potential digital wallet. The announcement presents a third set of approaches...

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Digital euro to complement cash, privacy challenges addressed

0xMain
April 25, 2023

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Fabio Panetta, European Central Bank (ECB) board member, assures the digital euro will enhance existing cash options while tackling privacy concerns amidst the need for security in the evolving financial landscape. In a recent gathering of the European Parliament’s Committee on Economic and...

Societe Generale’s crypto division launches euro stablecoin amidst criticism from Stasis CEO

0xMain
April 22, 2023

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STASIS CEO comments on the launch of Societe Generale’s competing stablecoin EUR CoinVertible, questioning its viability due to the “single point of failure” problem. Societe Generale’s Crypto Division, SG-FORGE, has announced the launch of EUR CoinVertible, a euro-denominated stablecoin, which aims to bridge...

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New euro stablecoin receives backlash from crypto community

0xMain
April 21, 2023

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A new euro-pegged stablecoin introduced in France has received negative feedback from several industry experts, but the general public is still waiting to get their hands on it. On April 20, the Ethereum-based stablecoin known as EUR CoinVertible (EURCV) was introduced by the French bank...

EU finance ministers’ group state political aspects of digital euro

0xMain
January 17, 2023

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The Eurogroup reaffirmed its support for digital euro research but underlined that some of the design and application features under consideration would necessitate political decisions. Following a meeting in Brussels, the eurozone finance ministers issued a statement on the launch of the digital...