International financial group finds gaps in digital euro legislative package

    The Institute of International Finance looked at seven areas where digital euro legislation, which is being developed alongside the technology, is lacking. The Institute of International Finance (IIF) has published an assessment of the European Commission’s proposed legislation on the digital euro. It gave the bill average marks. The IIF is a financial industry global…

    Digital euro can ward off a host of private payment service ills: ECB official

    Private payment services can gain a monopoly with no benefit to other market players or economic stability, ECB board member Fabio Panetta said. The European Central Bank (ECB) is quite happy with the European Commission’s legislative proposals for the digital euro. ECB executive board member Fabio Panetta told the European Parliament’s Committee on Economic and…

    IBM offers guidance for successful implementation of digital euro

    Five members of IBM Consulting created a list of points that the European Commission could consider to optimize its proposed digital euro legislation. IBM has some ideas about what it will take to make the digital euro a success, which it shared in a recent blog post. It suggested five items for designers to help…

    PayPal USD: Boon for Ethereum but not decentralization, says community

    Proponents say PayPal’s PYUSD could see Ethereum become the money layer of the internet, while opponents argue that it’ll act like a poorly designed central bank digital currency. PayPal’s new Ethereum-based stablecoin, PYUSD, has been seen as bittersweet news for the crypto community. While it could finally see Ethereum find its place in mainstream adoption, it…

    CBDC supporter likely in White House next term, crypto divide not red vs. blue: Grayscale

    The crypto asset manager looked at the leading U.S. presidential candidates’ positions and did not see a partisan divide. The next president of the United States is likely to favor a central bank digital currency (CBDC), crypto asset manager Grayscale stated in a post on its website, as the current frontrunners in both political parties…

    BIS gives CBDCs a thumbs up, crypto the middle finger in reports to G20 ministers

    G20 finance ministers and central bank governors are meeting this month, and the Bank for International Settlements has findings to present. In preparation for a meeting of the G20 finance ministers and central bank governors this month, the Bank for International Settlements Innovation Hub (BISIH) submitted two reports — on cryptocurrency and central bank digital…