Spanish central bank official talks about private payment services in era of digital euro
Banco de España Deputy Gov. Margarita Delgado voiced concern about financial stability issues but painted a rosy picture for nonbank financial service providers. This post was originally published on this site
Binance limits withdrawals in Europe, cites payment processor issues
In a since-deleted customer service message, Binance said that the failed withdrawals were caused by temporarily suspended euro transactions through SEPA.This post was originally published on this site
Euro stablecoin market set to take off, thanks to real-world uses, regulatory clarity: Circle exec
Circle’s Patrick Hansen provided an overview of the euro-denominated stablecoin market at EthCC; it all looks rosy, he said.This post was originally published on this site
JPMorgan bank deploys JPM Coin for euro-denominated payments
German conglomerate Siemens was reportedly the first company to process euro-denominated payments using JPM Coin.This post was originally published on this site
Issuing digital euro, or ‘Cash+,’ is probably a duty, French central banker says
François Villeroy de Galhau tried to soft sell the proposed euro CBDC to commercial bankers, emphasizing collaboration and the CBDC’s advantages.This post was originally published on this site
Hawkish Fed, stocks market rally, and crypto falling behind
Cointelegraph analyst and writer Marcel Pechman explains why the cryptocurrency market has been falling behind the stock market after the Fed’s hawkish stance.This post was originally published on this site
De-dollarization: Is it really happening?
In our latest Cointelegraph Report, we analyze the causes leading to the decline of the U.S. dollar as the world reserve currency and its potential implications. This post was originally published on this site
Inflation Expectations of Eurozone Consumers ‘Increased Significantly,’ ECB Says
Consumers in the euro area have sharply raised their expectations about inflation in the coming months, the European Central Bank revealed. Survey data showing this comes after the monetary authority slowed the pace of its rate hikes last week while indicating that it’s still early for a pause. ECB Registers Heightened Consumer Expectations About Inflation […]
Push to Use National Currencies in SCO Cannot Be Stopped, Russia’s Lavrov Says
Efforts to transition to trade in national currencies in the Shanghai Cooperation Organization (SCO) can no longer be stopped, according to Russian Foreign Minister Sergey Lavrov. During a meeting with his colleagues in India, Moscow’s top diplomat also discussed the similar initiative within BRICS. Sergey Lavrov Convinced SCO Countries Will Switch to National Currencies, Won’t […]
ECB Raises Interest Rates by 25bps Amid ‘Too High’ Inflation, ‘No Pause,’ Lagarde Says
The European Central Bank (ECB) raised its key interest rates by 25 basis points, slowing the pace from previous increases. However, as inflation in the euro area remains persistently high, future rate hikes may still be expected with the regulator insisting it will continue to seek a “timely return” to its 2% inflation target and […]