The European Central Bank (ECB) has announced that it will begin the preparation phase for the digital euro project. This comes after a two-year investigation and the release of a report on the potential design and distribution of a digital euro. The ECB plans to start laying the foundation for the possible issuance of a central bank digital currency (CBDC) from November 1. However, the issuance of a digital euro is not yet confirmed, and further analysis and consultation will be conducted before a decision is made.
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The governing council of the European Central Bank (ECB) has announced it will begin the ”preparation phase” for the digital euro project following a two-year investigation. In an Oct. 18 notice, the ECB said it plans to “start laying the foundation for the possible issuance of a digital euro” beginning on Nov. 1, adding the issuance of a central ...
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