In a small wine town near Frankfurt, a Cold War-era bunker once held an alternative deutsche mark, a safeguard against economic sabotage. Built in 1962, this hidden facility reflects Germany’s enduring caution about financial security. Though the currency was destroyed…
Euro CBDC: Will the Digital Euro Give Central Banks Ultimate Control Over Your Money?
The European Central Bank (ECB) is in progress with its plan to introduce a Central Bank Digital Currency (CBDC) known as the Digital Euro. This Euro CBDC initiative has raised huge concerns about potential control over personal finances and privacy. …
Bundesbank and ECB economists debate optimal holding limits for the digital euro
The digital euro is a development that has the potential to reshape the financial landscape across Europe. With central banks and economists debating the optimal holding limits, the discourse around the digital euro is rich with insights and implications. Bundesbank…
Finland Endeavors in Developing an Instant Payments System using Digital Euro
In a groundbreaking move towards the future of digital finance, Finland is actively working on the development of an instant payments system while embracing the concept of a digital euro. This strategic initiative, led by the Bank of Finland, aims…