Digital Euro Essential Against Stablecoins, Says ECB Chief Economist
Philip Lane emphasizes the necessity of a digital euro to counteract the growing influence of stablecoins and foreign tech firms in Europe.
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Philip Lane emphasizes the necessity of a digital euro to counteract the growing influence of stablecoins and foreign tech firms in Europe.
The European Central Bank aims to introduce a Central Bank Digital Currency (CBDC) known as the Digital Euro by October 2025 amidst broader financial concerns.
The European Central Bank is pushing to finalize the testing phase for the digital euro, despite ongoing concerns from lawmakers.
The European Central Bank sets preparations for the digital euro, scheduled to begin in November 2025, focusing on design and operational frameworks.
Pablo Hernández de Cos will take over as general manager of the Bank for International Settlements, emphasizing the need for a digital euro.
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