{"id":11750,"date":"2025-02-06T17:01:46","date_gmt":"2025-02-06T17:01:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=11750"},"modified":"2025-02-06T17:01:46","modified_gmt":"2025-02-06T17:01:46","slug":"europe-is-ready-to-start-digital-euros-two-year-preparation-phase-in-november-2025","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=11750","title":{"rendered":"Europe Is Ready To Start Digital Euro\u2019s Two-Year \u201cPreparation Phase\u201d In November 2025"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">The European Central Bank (ECB) is ready to officially launch the preparation phase for the digital euro. The time frame is set by Europe \u2013 1 November 2025!<\/span><\/p>\n<p><a href=\"https:\/\/www.reuters.com\/technology\/ecb-hopes-trumps-crypto-plan-will-speed-up-digital-euro-2025-02-06\/\" target=\"_blank\" rel=\"nofollow\"><span style=\"font-weight: 400\">Speaking to Reuters<\/span><\/a><span style=\"font-weight: 400\"> on 6 February 2025, ECB executive board member Piero Cipollone said that <\/span><span style=\"font-weight: 400\">Trump\u2019s support for globally available stablecoins tied to the dollar would help create yet another US-made payment tool and added urgency to the digital euro project.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Furthermore, <\/span><span style=\"font-weight: 400\">Cipollone said that the spread of US stablecoins as a means of payment was worrisome because it threatened to divert deposits away from European banks.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cIf people in Europe start to use stablecoins to pay, given that most of them are American and dollar-based, they will be transferring their deposits from Europe to the US,\u201d he said.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The European Central Bank (ECB) argues that Trump&#8217;s desire for $ <a href=\"https:\/\/twitter.com\/hashtag\/stablecoins?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#stablecoins<\/a> to proliferate internationally is a threat<\/p>\n<p>To everyday \u20ac payments<\/p>\n<p>Hence, ECB desire for urgent digital euro CBDC (legislation)<\/p>\n<p>A false argument. Here&#8217;s why:<a href=\"https:\/\/t.co\/ld4jtwkGKc\" target=\"_blank\" rel=\"nofollow\">https:\/\/t.co\/ld4jtwkGKc<\/a><\/p>\n<p>\u2014 Ledger Insights (@LedgerInsights) <a href=\"https:\/\/twitter.com\/LedgerInsights\/status\/1887498121535529247?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 6, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong>Explore: <a href=\"https:\/\/99bitcoins.com\/news\/european-central-bank-advances-digital-euro-initiative-with-strategic-milestones\/\" rel=\"bookmark\">European Central Bank Advances Digital Euro Initiative With Strategic Milestones<\/a><\/strong><\/p>\n<h2><b>CBDC Timeline In Europe<\/b><\/h2>\n<p><span style=\"font-weight: 400\">The multi-year central bank digital currency (CBDC) project was announced in October 2023 in Europe.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cThe political world is becoming more alert to this,\u201d Cipollone said. \u201cAnd it\u2019s possible that we will see an acceleration in the process.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">Furthermore, EU lawmakers said that <\/span><span style=\"font-weight: 400\">Parliament may at best have a report ready by the summer regarding CBDC project progress.<\/span><\/p>\n<p>However, everyone may not be on the same page.<\/p>\n<p>Europe\u2019s French Member of Parliament (MEP), Sarah Knafo,\u00a0<a href=\"https:\/\/x.com\/knafo_sarah\/status\/1868766579841986739\" target=\"_blank\" rel=\"nofollow noopener nofollow\">voiced strong support for Bitcoin<\/a>\u00a0while opposing the European Union\u2019s plans for a digital euro.<\/p>\n<p>\u201cYes to a strategic national reserve of Bitcoin,\u201d she insisted.<\/p>\n<p>During a parliamentary session on 16 December 2024, Knafo expressed skepticism about the digital euro project, arguing that it could undermine individual financial autonomy and lead to excessive state control over personal finances.<\/p>\n<p>The MEP emphasized that Bitcoin represents a decentralized alternative that aligns with principles of freedom and transparency.<\/p>\n<p><strong>Explore: <a href=\"https:\/\/99bitcoins.com\/news\/european-mp-advocates-for-bitcoin-reserve-opposes-eu-digital-euro-in-parliament\/\" rel=\"bookmark\">European MP Advocates For Bitcoin Reserve, Opposes EU Digital Euro In Parliament<\/a><\/strong><\/p>\n<h2><b>ECB President Doesn\u2019t See Bitcoin Becoming Part Of Reserves<\/b><\/h2>\n<p><iframe loading=\"lazy\" title=\"LIVE: ECB's Christine Lagarde briefing after Governing Council meeting\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/LDgBjrxlByM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"font-weight: 400\">Current ECB President Christine Lagarde told reporters on 30 January 2025 that the European Council believed that central banks\u2019 reserves should be \u201cliquid, secure, and safe,\u201d which implied that Bitcoin would not be one of them.<\/span><\/p>\n<p>Meanwhile, since Donald Trump\u2019s victory, the crypto world is holding its breath for a Bitcoin Reserve.<\/p>\n<p>Senator Cynthia Lummis from Wyoming is ramping up support to turn part of the US Treasury\u2019s gold into Bitcoin to form a strategic reserve.<\/p>\n<p>States like Texas, Illinois, Utah are competing to become the first state to establish a Bitcoin reserve.<\/p>\n<p><strong>Explore: <a href=\"https:\/\/99bitcoins.com\/news\/how-is-us-bitcoin-reserve-shaping-up-in-trumps-america\/\" rel=\"bookmark\">How Is US Bitcoin Reserve Shaping Up In Trump\u2019s America?<\/a><\/strong><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/europe-is-ready-to-start-digital-euros-two-year-preparation-phase-in-november-2025\/\">Europe Is Ready To Start Digital Euro\u2019s Two-Year \u201cPreparation Phase\u201d In November 2025<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The European Central Bank (ECB) is ready to officially launch the preparation phase for the digital euro. The time frame is set by Europe \u2013 1 November 2025! Speaking to Reuters on 6 February 2025, ECB executive board member Piero Cipollone said that Trump\u2019s support for globally available stablecoins tied to the dollar would help [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-11750","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11750"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11750\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}