European Central Bank moves ‘digital euro’ to next phase


euro dollar bank economy worthy ministries(Worthy News) – The European Central Bank took a further step towards launching a digital version of the euro on Wednesday.

The ECB’s governing council said it would start a two-year “preparation phase” for the digital euro on November 1 to finalize rules and choose its private-sector partners.

The preparation phase would encompass a “testing and experimentation” stage as benefits or risks associated with the common digital currency are yet to be made clear. [ Source: Deutche Welle (Read More…) ]

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