digital euro

    • Bundesbank President Weidmann wants a limited role initially for digital euro

      Bundesbank President Weidmann wants a limited role initially for digital euro

      A digital euro, currently under design by the European Central Bank, should have a limited role initially as it could disrupt the bank sector and overly extend the role of central banking, Bundesbank President Jens Weidmann said on Tuesday, cited by Reuters. "A gradual approach might make sense given the risks involved – that means a digital euro with a specific set of features and the option to add further functionalities later," Weidmann, who is member of the European Central Bank (ECB) Governing Council, told a conference.

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    • EU takes another step toward introducing digital euro

      EU takes another step toward introducing digital euro

      The European Central Bank said Wednesday it is launching a two-year investigation on whether to introduce a digital version of the euro that would complement cash, taking a cautious step toward introduction as central bankers around the world eye digital currencies and their potential impact on policy and the financial system.

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