The European Central Bank plans to enable DLT transactions in 2026 as it prepares for the digital euro issuance and lawmakers establish rules on privacy. The European Central Bank plans to allow blockchain-based settlement in central bank money next year and is preparing to issue a digital euro, but its privacy safeguards will ultimately depend on approval from EU lawmakers. ECB executive board member Piero Cipollone said in a Friday statement that the institution will “make it possible to settle transactions based on [DLT] in central bank money” next year. He also said the ECB is “getting ready” to issue the digital euro and to link its system internationally for cross-border payments. The digital euro underlying infrastructure would also be available to other institutions to settle transactions with other central bank digital currencies (CBDCs). The executive said that holding limits and a lack of interest are expected to “preserve banks’ role in “credit intermediation and monetary transmission.” Read more
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Attacks at metro stations in Taipei on Friday involving smoke bombs and stabbings killed at least three people, the Taiwanese city’s fire department said, adding that the suspect was also dead. Taiwan’s Premier Cho Jung-tai said the attacks at Taipei Main Station and Zhongshan Station were “a deliberate act”, although the motive was not immediately clear. Cho said in a statement that the suspect wore a mask and threw “five or six gasoline bombs or smoke grenades” at Taipei Main Station. According to the Taipei City Fire Department, a total of four people were confirmed dead, including the suspect, a 27-year-old man. Five other people were injured, it added. The city’s mayor said the suspect had apparently jumped off a building and that he was wanted for evading military service. One of the victims was killed while trying to stop the attack at the Main Station, Mayor Chiang Wan-an told reporters. “Unfortunately, he was attacked and passed away … we are all deeply saddened,” he said. This picture taken and rele...