ECB steps up research on ‘digital euro’

Digital money

The European Central Bank is significantly increasing its work on a possible “digital euro”, issuing a report on the subject today (October 2).

“We should be prepared to issue a digital euro, should the need arise,” says ECB president Christine Lagarde. The ECB also announced it will open a public consultation on a central bank-issued digital currency, or CBDC, on October 12.

The ECB report analyses the characteristics a eurozone central bank-issued digital currency could have, as well as the

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