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Piero Cipollone, an executive board member at the European Central Bank, said that a digital euro would function as a free, cash-like payment option available across the entire euro area while reducing reliance on foreign-owned financial infrastructure that could theoretically cut European users off

European Central Bank President Christine Lagarde categorically rejected Bitcoin as a reserve asset for EU central banks, citing volatility, money laundering concerns and lack of liquidity required for institutional holdings.** What Happened: ECB Rejects Bitcoin Christine Lagarde dismissed the inclu

The European Central Bank announced Thursday it aims to begin testing a digital version of the euro by mid-2027, though the timeline hinges on lawmakers approving legislation that has faced resistance from the banking sector. The pilot program would mark the first real-world transactions using the d

The European Central Bank has selected Portuguese artificial intelligence startup Feedzai to develop fraud prevention systems for its planned digital euro, marking a significant step in the central bank's effort to reduce the euro zone's dependence on U.S.-dominated payment systems. What to Know: Th

The European Central Bank's ambitious digital euro initiative faces mounting opposition in the European Parliament, where lawmakers express deep concerns about potential disruptions to the banking sector, citizen privacy violations, and threats to financial innovation. The proposal, which has langui