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Private payment services can gain a monopoly over services with no benefit to other market players or economic stability, ECB board member Fabio Panetta said. Go to Source
Banco de España deputy governor Margarita Delgado voiced concern about financial stability issues but painted a rosy picture for nonbank financial services providers. Go to Source
In a deleted customer service message, Binance said that the failed withdrawals were caused by temporarily suspended EUR transactions through SEPA. Go to Source
According to Latvijas Banka, 4% of the population bought crypto assets in February, down from 8% in 2022, while payments “continue to prevail.” Go to Source Powered by WPeMatico
Cointelegraph analyst and writer Marcel Pechman explains how a weakening German economy — Europe’s largest — is a positive for cryptocurrencies. Go to Source Powered by WPeMatico
Circle’s Patrick Hansen provided an overview of the euro-denominated stablecoin market at EthCC; it all looks rosy, he said. Go to Source Powered by WPeMatico
Germany’s conglomerate Siemens AG was reportedly the first company to process euro-denominated payments using JPM Coin. Go to Source Powered by WPeMatico
François Villeroy de Galhau tried to soft sell the proposed euro CBDC to commercial bankers, emphasizing collaboration and the CBDC’s advantages. Go to Source Powered by WPeMatico
Slovakia’s parliament passed a measure to amend its constitution to codify the right of its citizens to pay for goods and services with cash. Go to Source Powered by WPeMatico
Cointelegraph analyst and writer Marcel Pechman explains why the cryptocurrency market has been falling behind the stock market after the Fed’s hawkish stance. Go to Source Powered by WPeMatico
