Digital Euro Project Gets Going as ECB Launches Investigation Phase

Digital Euro Project Gets Going as ECB Launches Investigation Phase


After months of deliberation, the European Central Bank has decided to proceed with a digital euro project. Officials insist the new version of Europe’s common currency should “ensure privacy” and provide access to “the safest form of money” at a “negligible” cost to the environment, in comparison with bitcoin.

Eurosystem Initiates Digital Euro Project

The Governing Council of the European Central Bank (ECB) took a long-awaited decision on Wednesday to launch the ‘investigation phase’ of a project to issue a central bank digital currency (CBDC). The stage will continue for two years during which key aspects of the design of the digital euro and questions regarding its distribution will be addressed. In any case, it will not replace cash and a final decision on its issuance is yet to come.

Trending: Biden Considers Experimental COVID-19 Vaccine Mandate for All Federal Workers – Calls Unvaccinated Individuals Stupid

ECB President Christine Lagarde

“It has been nine months since we published our report on a digital euro. In that time, we have carried out further analysis, sought

Continue reading

You Might Like

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend