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A report from the European Central Bank indicated that the euro’s share of foreign exchange reserves declined by one percentage point to 20% in 2023. According to the report, the continued diversification of global reserve portfolios into nontraditional currencies threatens to further erode the euro’s share of foreign exchange reserves. Euro’s Decline Coincides with US … Read more
The European elections have caused a stir, but several pro-crypto or crypto-supportive parties have gained seats. Go to Source
Most Germans have never heard of the digital euro and some who knew of it thought it was a cryptocurrency, a central bank survey found. Go to Source
A new report has found that half of Germans who participated in a survey study can “imagine using a digital euro as an additional payment option.” However, the study also revealed that some three-quarters of the respondents view the “aspect of privacy in connection with the use of the digital euro as very important or … Read more
DeFi’s exemption from MiCA regulation may fade as an update targets protocols with centralized components. The sector could split between hybrid and DeFi models. Go to Source
Belarusian President Alexander Lukashenko stated that many nations are reconsidering their use of the U.S. dollar and euro due to recent global financial tensions. Speaking in Minsk, Lukashenko highlighted that this shift is not limited to Belarus and Russia, but is observed worldwide. He attributed the declining relevance of these currencies to the controversy surrounding … Read more
AllUnity, a new joint venture by DWS, Galaxy and Flow Traders, plans to issue the euro stablecoin on all major public permissionless L1s and L2s, DeFi use cases. Go to Source
The euro-pegged stablecoin will be the first of its kind in the region and will be available to the bank’s wide customer base for trading use. Go to Source
The country’s government plans to accelerate the development of a European blockchain infrastructure during its presidency of the EU Council. Go to Source
EU lawmakers are anticipating the arrival of the digital euro, though German politician Joana Cotar is pushing back against the currency and fighting in favor of Bitcoin. Go to Source
