ECB calls for input to create digital euro scheme rulebook
The European Central Bank is forming a working group that will consult in the creation of a central bank digital currency (CBDC) rule book for the Digital Euro Scheme.
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The European Central Bank is forming a working group that will consult in the creation of a central bank digital currency (CBDC) rule book for the Digital Euro Scheme.
Regulation and a better alternative are the answers to the current turmoil in the crypto market.
A solution that builds on existing interbank settlement infrastructure, instead of one based entirely on DLT, can be implemented "more rapidly".
"Keeping total digital euro holdings between one trillion and one and a half trillion euro would avoid negative effects for the financial system,” said Fabio Panetta.
On a Dutch talk show, Christine Lagarde said that crypto is “worth nothing,” as there’s no underlying asset that backs the currencies.
The survey took place in the EU's major economic areas such as France, Germany, Italy, Spain, Belgium, and the Netherlands.
Findings from the ECB's focus groups said the public was more likely to accept a digital euro that is accepted in physical and online stores and allows easy person-to-person payments.
The company's board of directors unanimously approved the deal on Monday but added it was still "subject to the approval of Twitter stockholders."
Transactions via the EU’s prospective CBDC could be transparent to intermediaries, as any non-crypto digital transactions are.