European Central Bank (ECB) executive board member Fabio Panetta has warned about stablecoins issued by private providers, such as Paypal. He also provided an update
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Digital euro can ward off a host of private payment service ills: ECB official
Private payment services can gain a monopoly with no benefit to other market players or economic stability, ECB board member Fabio Panetta said.
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Spanish central bank official talks about private payment services in era of digital euro
Banco de España deputy governor Margarita Delgado voiced concern about financial stability issues but painted a rosy picture for nonbank financial services providers.
Read moreEuropean Central Bank Follows US Fed’s Footsteps With 25 BPS Hike
On Thursday, the Governing Council of the European Central Bank (ECB) announced that it was raising “three key ECB interest rates” by 25 basis points
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ECB Tightens Grip With 12th Consecutive Rate Hike; Lagarde Asserts ‘No Cuts’ Amid Lingering Inflation Concerns
The European Central Bank (ECB) has raised the benchmark bank rates by 25 basis points (bps) citing that inflation was down but still remained “too
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Eurozone Inflation to Remain Higher Than 2% Target in Next 2 Years, ECB’s Lagarde Admits
Inflation in the eurozone has started to decline but the area’s monetary authority expects it to remain above its target in the next two years.
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