ECB launches digital euro preparation phase
The governing council of the European Central Bank (ECB) approved the launch of a new phase in the development of a digital euro today (October 18).
This new step, called the “preparation phase”, will start on November 1, 2023, and is initially envisioned to last for two years. Nonetheless, this is not a decision to issue a digital euro.
“We need to prepare our currency for the future,” said Christine Lagarde, president of the ECB, in a statement. “We envisage a digital euro as a digital form
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