ECB’s Lagarde Advocates for EU’s Own Digital Payment Platform to Ensure Financial Sovereignty

European Central Bank (ECB) President Christine Lagarde has urged the European Union to develop its own digital payment platform, moving away from reliance on foreign giants like Visa, Mastercard, Paypal, and Alipay. Speaking on The Pat Kenny Show, Lagarde emphasized the need for a “European offer” to secure financial sovereignty, highlighting the risks of dependence … Read more

ECB Official Warns: US Crypto Policies Could Ignite Global Crisis

The U.S. is “sowing the seeds of future upheavals,” an ECB official warns, claiming its crypto policies could ignite the next global financial crisis and destabilize markets worldwide. ECB Official Blasts US Crypto Strategy European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau has warned that the United States’ approach to cryptocurrencies and … Read more

ECB’s Lagarde: Digital Euro Readiness Hinges on October 2025 Deadline

ECB President Christine Lagarde said the European Central Bank (ECB) aims to finalize preparations for a digital euro by October 2025, but its launch remains contingent on legislative approval and stakeholder cooperation. EU Digital Euro Preparation Phase Targets October 2025, Launch Uncertain Amid Legislative Delays The ECB is racing to complete the groundwork for a … Read more

‘The Seeds of a Financial Crisis’: ECB Warns About US Crypto Deregulation

As part of a risk assessment exercise conducted during its January meeting, the ECB stated that the recent developments in the deregulation of financial markets in the U.S., including crypto, might increase the risks of a future financial crisis. ECB Warns That Crypto Deregulation Might Cause a New Financial Crisis Crypto and bitcoin are now … Read more

ECB Expands Digital Asset Settlement—A Major Shift in European Finance

The European Central Bank is advancing its digital asset settlement strategy, aiming to streamline transactions, enhance security, and strengthen financial stability across European markets. Digital Asset Settlement Transformed as ECB Embraces DLT Solutions The European Central Bank (ECB) announced on Feb. 20 an expansion of its initiative to facilitate the settlement of distributed ledger technology … Read more

Sanctions Backfire: European Exporters Suffer More Than Russia

European sanctions against Russia are impacting small European exporters, particularly in Italy, more severely than Russia itself, according to Ferdinando Pelazzo, president of the Italian-Russian Chamber of Commerce. Small and medium-sized enterprises (SMEs) are struggling with disrupted payment systems and logistical challenges due to the sanctions. Italian businesses heavily reliant on Russian markets now face … Read more

How Bitcoin’s Success Could Be Fueling Poverty for Latecomers and Non-Holders, ECB Economists Claim

Bitcoin’s rise is enriching early adopters at the expense of society, according to a paper by European Central Bank (ECB) economists. They argued that bitcoin’s speculative growth leads to wealth redistribution, where early investors gain while non-holders and latecomers are left poorer. Economists warn this dynamic could harm societal stability, deepening inequality and threatening democracy … Read more