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Silicon Valley Bank1

Societe Generale’s crypto division launches euro stablecoin amidst criticism from Stasis CEO

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied STASIS CEO comments on the launch of Societe Generale’s competing stablecoin EUR CoinVertible, questioning its viability due to the “single point of failure” problem. Societe Generale’s Crypto Division, SG-FORGE, has announced the launch of EUR CoinVertible, a euro-denominated stablecoin, which aims […]
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European Union

EU finance ministers’ group state political aspects of digital euro

The Eurogroup reaffirmed its support for digital euro research but underlined that some of the design and application features under consideration would necessitate political decisions. Following a meeting in Brussels, the eurozone finance ministers issued a statement on the launch of the digital euro. According to the report, Eurogroup meets regularly to examine the political […]
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European Union

Private banks to manage future digital euro transactions

The European central bank (ECB) wants intermediaries, like payment service providers and credit institutions, to be responsible for digital euro transactions. European Union joined an extensive list of countries willing to launch their central bank digital currencies (CBDCs). The ECB’s latest report reveals that EU leaders will decide the digital euro’s final destiny after October […]
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