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The ECB has given the green light for the digital euro, entering the preparation phase. This move involves collaboration with European institutions to ensure Europe is equipped with the currency of the future. Cash will still be available alongside digital cash, providing consumers with free and convenient usage across the euro area. However, the implementation is subject to the legislative process.

"While many people rightly say that money is already digital, when world leaders say digital money today, it means cryptocurrency, which is now part of a worldwide scheme to monitor your actions and control your money." "This new form of currency will require you to have a unique digital wallet, which is essentially a digital ID." "Last spring, European Central Bank president Christine Lagarde said that the ECB will be ready to launch the digital euro by this October." "According to the Atlantic Council, a 137 countries and currency unions are preparing for a crypto digital currency." "Three countries have already launched theirs, The Bahamas, Jamaica, and Nigeria." "CBDCs in the advanced stages are the digital euro, China's digital yuan, India's e rupee, The United Kingdom's digital pound, Brazil's digital reel, and Russia's digital ruble." "The Trump family even have their own stablecoin, the USD 1 stablecoin from World Liberty Financial."

The ECB has approved the preparation phase for the digital euro, with all European institutions involved in ensuring Europe has the currency of the future. Cash will still be available alongside digital cash, providing consumers with free and easy-to-use options throughout the euro area. However, the implementation is subject to the legislative process.

The speaker addresses concerns about the digital euro, stating that the digital currency, as piloted in China, serves all citizens, not just elites or specific demographics. They claim that if well-executed and implemented, it would benefit everyone.

The ECB has approved the preparation phase for the digital euro, involving all European institutions. Cash will still be available alongside digital cash, giving consumers the freedom to choose. The digital euro aims to be free, convenient, and widely accepted.

We passed a law last summer that allows our national bank to start developing a CBDC. The law goes into effect this August, so our national bank is working with us on pilot projects in the meantime. We're considering different platforms and recently announced that one pilot will be on the Stellar blockchain. We're working with the Stellar Foundation and commercial banks in Ukraine to come up with a working concept. There are also pilots with Ethereum and the NEAR protocol underway. We should be announcing some results in a couple of months. Since the law goes into effect in August, we're trying to figure out the technical advantages and obstacles in order to potentially launch early next year or maybe even by the end of this year.

The ECB representative closes the year with holiday wishes and reflection on a year of substantial work. They note that the European Central Bank is proud to have achieved its 2% medium-term inflation target, with inflation down to where it was intended to be. The discussion includes a comprehensive review of the strategy going forward, taking stock of the work done by all teams to assess whether the strategy is fit for purpose and whether the ECB remains fit for the times being faced, described as difficult times. Two major projects for 2026 are highlighted as priorities. The first is the digital euro. The cycle of preparation has been completed, and the governing council has given its go-ahead to move to the next cycle. The ECB is now waiting for the European Parliament to come up with final legislation that will enable the pilot phase to go ahead and, subsequently, the launch. The second project is related to the banknote, a traditional but essential effort. The ECB is revamping its banknotes, with the process well underway. A new design is anticipated, and possibly new faces, and the ECB looks forward to that development as well. The speaker emphasizes that the European Central Bank stands strong, pleased to have reached its price stability target, and determined to ensure that this remains the case and that the ECB remains useful for European compatriots. The message closes with wishes for a very happy holiday to all.

The ECB has approved the preparation phase for the digital euro, which will be a collaborative effort with European institutions. Cash will still be available alongside digital cash, providing consumers with free and convenient options throughout the euro area. However, the implementation is subject to the legislative process.

I believe in direct democracy, which is why I'm developing an app for citizens to have a direct say in the European Parliament. I've conducted polls on social media about key issues, like whether Ursula von der Leyen should remain in her position. These polls have helped gauge public opinion, but they risk participation from non-Europeans. The new app will ensure secure voting exclusively for Europeans, allowing citizens to engage in everyday decision-making and legislative development, rather than just voting every five years. The initial version will launch in Cyprus, and after testing, we plan to expand it to all of Europe. Please share your ideas for features and functionalities you'd like to see in the app.

Introducing the electronic euro, which aims to address the issue of cash payments above €1,000 being considered on the gray market in Europe. The digital euro will provide some level of control, but there are discussions about allowing zero control for very small amounts like €300 or €400. However, this could be risky as small anonymous credit cards were used to finance terrorist attacks in France a decade ago.

The purpose of CBDC is to align with how people buy, save, and work with goods in a modern economy. It aims to address challenges before moving forward.

Speaker 0 says that each country will crash its fiat currency and there will be no paper money globally in eighteen months; it will all be digital. Once each country has its own digital currency, that’s the small step. They can’t move to a global digital currency all at once, because that would tip people off to “the whole scam.” So they are doing it one country at a time to make it look like it’s not all connected. After each country cuts off paper money and implements its digital currency, they will finish crashing the whole world’s economy, and then they will come out and say, we need a one world digital currency, but they’ve already got it. The UN is already talking about this; they’ve been working on it for two years and it’s already in place. They’ll say we need a one world digital currency to stop all these crashes and things from happening ever again. It’s for your protection. That’s how they get the one world currency in.

The ECB has given the green light for the digital euro, entering the preparation phase. This move aims to equip Europe with a future currency, while emphasizing that cash will still be available. The digital euro will offer consumers a convenient and free option for transactions across the euro area. However, it's important to note that these plans are subject to the legislative process.

The European Union has reached an agreement on the implementation of digital identity, which is concerning news. Commissioner Breton has also mentioned the possibility of introducing the digital euro, or Central Bank Digital Currency. This connection between digital identity and digital currency is worrying, as it goes against previous promises and has raised concerns among privacy and security experts. However, there is still a chance to voice opposition to this development by contacting your Member of European Parliament (MEP) and expressing your disagreement with this tool.

The European Union has reached an agreement on the implementation of digital identity, which is concerning news. Commissioner Breton has also mentioned the possibility of introducing the digital euro, or Central Bank Digital Currency. This connection between digital identity and digital currency is worrying, as it goes against previous promises and has raised concerns among privacy and security experts. However, there is still a chance to oppose this development by contacting your Member of European Parliament (MEP) and expressing your opposition to this tool.

The speaker has been working on the digital euro since the beginning of their term five and a half years ago, following initial work by Benoit Curry. Fabio Panetta and later Piero Cipollone have led the project with a dedicated team. The focus is on accelerating progress and engaging with stakeholders like the European Parliament, European Council, and European Commission to realize the digital euro. The deadline for this project is October 2025, and preparations are underway to meet it.

The European Central Bank has approved the preparation phase for the digital euro, emphasizing that cash will still be available. The goal is to provide a free and convenient digital currency option for consumers across the euro area. The process will involve collaboration with European institutions, ensuring that Europe is equipped with the currency of the future. However, the implementation is subject to the legislative process.

The ECB has approved the start of the preparation phase for the digital euro. This will involve collaboration with European institutions to ensure Europe has a future-ready currency. Cash will still be available alongside digital cash, providing consumers with free and convenient options throughout the euro area. However, the implementation is subject to the legislative process.

I just left the negotiations on digital identity, and I have concerning news. The member states and the European Parliament reached an agreement, meaning the digital identity will soon be implemented in the EU. Commissioner Breton announced that we now have the digital identity wallet, which he intends to fill with the digital euro, or central bank digital currency. This is troubling, as they previously assured us there would be no connection between the two. Privacy and security experts have warned that this development poses significant risks to our privacy and freedom.

We are preparing for the possibility of a new currency, but the decision won't be made until October 23. We don't want companies like Meta, Google, or Amazon to create a currency that takes over Europe's sovereignty. Currently, in Europe, cash payments above €1,000 are considered on the gray market, risking fines or jail time. The digital euro will have some level of control, but we are considering allowing no control for very small amounts, around €300 or €400.

The speaker discusses Central Bank Digital Currency (CBDC), specifically the digital euro, and its upcoming introduction planned for 2029, noting that the European Parliament has some resistance. Rapporteur Naharete Rogas opposes the plan, arguing that the current design adds nothing for ordinary people, i.e., ordinary citizens like you and me. The speaker counters a common claim that CBDC is not a replacement for cash and that the digital euro is not programmable. The speaker argues that, by definition, central bank money can be programmable. The explanation focuses on how the central bank’s balance sheet works when money is spent. When the central bank issues money (spends), it increases its balance sheet. Cash sits on the right side of the balance sheet. To keep the balance, on the asset side there are government bonds (and potentially other bonds) that earn interest, which means the central bank collects money from society. The Dutch central bank has written in a report about design choices for a digital euro that the central bank can influence society by increasing the money supply, because it earns interest, a process often referred to as seigniorage. The speaker emphasizes that if cash exists in a given quantity and the central bank issues CBDC in addition to that cash, the central bank’s balance sheet grows. To prevent this imbalance, the only way to keep the totals equal is implied: every time you issue 1 euro of CBDC or even a 10-euro note in digital form, you would need to keep the physical cash in ATMs from being replenished or refreshed. Under the digital euro scenario labeled “scenario 4,” CBDC would thus be the replacement of cash, with the overall sum being kept in balance through this mechanism. The speaker concludes with “Dus dut,” underscoring that the outcome depends on how the total money supply is managed and whether CBDC is deployed in a way that maintains or replaces cash.

Privacy protection is important, not anonymity. Addressing conspiracy theories is crucial for success. The timetable for the project includes a decision in October by the governing council on further piloting. The pilot phase will likely take at least 2 more years before the final decision is made based on the legislative proposal. Considering all factors and adapting to suitable technologies, the goal is to provide Europeans with a key transaction option.

We are introducing the electronic euro to reduce cash payments over €1,000 in Europe. The digital euro will have some control, possibly exempting very small transactions under €300-€400. However, this could pose risks, as small anonymous credit cards were used to finance terrorist attacks in France a decade ago.

Many people are a little worried about what will happen to them with the digital euro. Can you encourage them? Why is the digital euro good for people like you and me? The digital currency, where it has been piloted, and there is only one which is clearly now launched in in a very small country, but it is piloted on a fairly large scale in in China, is of use and of service to all citizens. So it is not something that is good for the elite or is good for the young or is good for some versus others. If it is well done and if it is well implemented, it would be of service to all citizens.

The speaker suggests that the agenda to implement CBDCs has been delayed, but the technology has been ready since 2015. They mention that CBDCs could initially be phone-based apps, but the ultimate goal is to implant a small chip under people's skin. The speaker believes this violates human dignity. They explain that to convince people to accept this, there will be a push for universal basic income due to unemployment and crises. However, to efficiently run this system, the speaker suggests the need for a CBDC chip implant. They acknowledge that a surprising proportion of people may agree to this.