{"id":17485,"date":"2025-03-12T19:49:01","date_gmt":"2025-03-12T19:49:01","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=17485"},"modified":"2025-03-12T19:49:01","modified_gmt":"2025-03-12T19:49:01","slug":"european-central-bank-announces-plan-to-launch-cbdc-by-october-2025","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=17485","title":{"rendered":"European Central Bank Announces Plan To Launch CBDC By October 2025"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">The European Central Bank (ECB) has officially announced plans to roll out a Central Bank Digital Currency (CBDC).\u00a0<\/span><span style=\"font-weight: 400\">The \u2018Digital Euro\u2019 will be a reality by October 2025.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Pierre Gramegna, director of the European Stability Mechanism (ESM), said that US President Donald Trump\u2019s recent endorsement of cryptocurrencies could present financial difficulties for the European Union (EU). Furthermore, <\/span><span style=\"font-weight: 400\">Gramegna expressed concerns about the US promoting stablecoins.<\/span><\/p>\n<p>According to a<a href=\"https:\/\/www.reuters.com\/markets\/europe\/eu-lawmakers-voice-doubts-about-digital-euro-after-ecb-outage-2025-03-10\/\" target=\"_blank\" rel=\"nofollow\"> 10 March 2025 Reuters report<\/a>, \u201cEuropean lawmakers are voicing fresh doubt about the ECB\u2019s digital euro project after an outage in the ECB\u2019s existing payment system caused delays for thousands of households and traders.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f4a5.png\" alt=\"\ud83d\udca5\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\">BREAKING:<\/p>\n<p>THE EUROPEAN CENTRAL BANK PLANS TO LAUNCH A CBDC BY OCTOBER 2025!  <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f1ea-1f1fa.png\" alt=\"\ud83c\uddea\ud83c\uddfa\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> <a href=\"https:\/\/t.co\/2jWP3jl9nW\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/2jWP3jl9nW<\/a><\/p>\n<p>\u2014 Crypto Rover (@rovercrc) <a href=\"https:\/\/twitter.com\/rovercrc\/status\/1898443216162103392?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">March 8, 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\/cryptocurrency\/best-ai-crypto-coins\/\">10 Best AI Crypto Coins to Invest in 2025<\/a><\/strong><\/p>\n<h2>Urgency To CBDC Or Digital Euro Project<\/h2>\n<p>\u201cIf this were to be successful, it could affect the euro area\u2019s monetary sovereignty and financial stability\u201d, said Gramegna. \u201cThis digital euro is today more necessary than ever.\u201d These statements were issued during the Eurogroup press conference.<\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, talking about the outage in the ECB payments system and questioning the digital euro, Markus Ferber of the European People\u2019s Party said, \u201cThis instance is a blow to the ECB\u2019s credibility. People will ask legitimate questions how the ECB will be able to run a digital euro when they cannot even keep their day-to-day operations running smoothly.\u201d<\/span><\/p>\n<p>Last month, the ECB said that it is ready to officially launch the preparation phase for the digital euro. ECB executive board member Piero Cipollone had said that 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.<\/p>\n<p>Furthermore, 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.<\/p>\n<p>\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.<\/p>\n<p class=\"page-title\"><strong>Explore: <a href=\"https:\/\/99bitcoins.com\/news\/is-the-eu-going-to-war-with-crypto-eu-threatens-to-pull-okx-license-over-bybit-hack\/\">Is The EU Going to War With Crypto? EU Threatens to Pull OKX License Over Bybit Hack<\/a><\/strong><\/p>\n<h2 class=\"page-title\">Is The EU Going to War With Crypto?<\/h2>\n<p>An ongoing EU crypto investigation into OKX for allegedly laundering $100 million from the Bybit hack in February 2025, has seen the European bloc threatening to remove OKX MiCA license.<\/p>\n<p><span data-preserver-spaces=\"true\">European regulators are reportedly\u00a0<a class=\"general-link\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-11\/bybit-crypto-hack-prompts-eu-scrutiny-of-okx-web3-wallet-platform\" target=\"_blank\" rel=\"noopener nofollow\">probing<\/a>\u00a0OKX\u2019s decentralized trading and self-custody offerings, which they claim were used by the Lazarus Group\u2014a notorious hacking outfit allegedly sponsored by the North Korean regime\u2014to launder some of the loot stolen from Bybit.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In February 2025, hackers struck Bybit, stealing over $1.4 billion of one of the\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">best cryptos to buy in 2025<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0from one of its cold wallets. Though the exchange continues to operate normally without halting withdrawals, the hack was a major blow to the industry, once again bringing scrutiny to exchanges that had managed to fend off hackers for months.<\/span><\/p>\n<p>The alleged investigation, which could see OKX lose its license to operate in the EU, raises critical questions about regulatory oversight and compliance, particularly with the Markets in Crypto-Assets (MiCA) framework.<\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/analysis\/crypto-forecast-best-crypto\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Coins with High Returns: Crypto Forecast 2025<\/span><\/a><\/strong><\/p>\n<h2>Central Banks Worldwide Delay CBDCs<\/h2>\n<p>Meanwhile, the Official Monetary and Financial Institutions Forum (OMFIF) and Giesecke + Devrient (G+D) recently released their latest survey on Central Bank Digital Currency (CBDC) to the public on 11 <a href=\"https:\/\/www.omfif.org\/cbdcs-its-time-for-action\/\" target=\"_blank\" rel=\"nofollow noopener nofollow\">February 2025<\/a>.<\/p>\n<p>The report revealed that round 30% central banks have confirmed delaying CBDC plans. Despite growing concerns and delays, 67% central banks worldwide remain committed to launching CBDCs.<\/p>\n<p>A marked hesitancy around issuing CBDCs has also been suggested in the outcomes of the report. It notes that despite extensive research and exploratory efforts, only a few central banks have officially issued CBDCs thus far. The two major reasons for delay are legislations and exploration of a wider range of solutions.<\/p>\n<p>Primary concern being privacy, critics warn enabling CBDCs will enable governments to scrutinize transactions closely, without any oversight. Pushback to CBDCs grew post US President Donald Trump banning work on digital dollar. This was also followed by Fed Chair Jerome Powell doubling down on the cancellation.<\/p>\n<p><strong>Explore:<a href=\"https:\/\/99bitcoins.com\/news\/is-european-central-bank-threatened-by-bitcoin-german-and-swiss-parliament-members-weigh-in\/\"> Is European Central Bank Threatened By Bitcoin? German And Swiss Parliament Members Weigh In<\/a><\/strong><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<p><span style=\"font-weight: 400\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <\/li>\n<p><\/span><span style=\"font-weight: 400\">The ECB unveiled its timeline for launching a CBDC, aiming for an operational rollout by October 2025.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <\/li>\n<p><\/span> <span style=\"font-weight: 400\">Europe has also remained skeptical about Bitcoin reserve.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/guides\/european-central-bank-announces-plan-to-launch-cbdc-by-october-2025\/\">European Central Bank Announces Plan To Launch CBDC By October 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) has officially announced plans to roll out a Central Bank Digital Currency (CBDC).\u00a0The \u2018Digital Euro\u2019 will be a reality by October 2025. Pierre Gramegna, director of the European Stability Mechanism (ESM), said that US President Donald Trump\u2019s recent endorsement of cryptocurrencies could present financial difficulties for the European Union (EU). [&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-17485","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\/17485","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=17485"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17485\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}