The legislative process is timed in lockstep with the European Central Bank’s in-house experiments on virtual currency. The European Commission announced Wednesday it’s planning to propose a bill for a digital euro early next year, according to POLITICO. The bill will serve as the legal foundation for the European Central Bank’s ongoing technical work on the virtual version of a euro banknote or coin. The ECB is currently carrying out in-house experiments with […]
Framework assesses security and efficiency of electronic payments, including electronic wallets and crypto-asset-related services. ECB calls for swift progress on overseeing global digital payment solutions and stablecoins. The ECB’s Governing Council has approved a new oversight framework for electronic payments following a public consultation. The framework is designed to make the current and future payments ecosystem safer and more efficient, as part of the ECB’s statutory task to promote the […]