UEUR - ECB takes another step towards a 'digital euro'

In a sign that the ECB is serious about laying the groundwork for a central bank digital currency ((CBDC)), it has applied to trademark the term "digital euro."It's currently preparing a report that will detail the advantages and disadvantages of creating a CBDC for retail use across Europe, and afterwards the public will have feedback period to shape the future of CBDC policy.In the "investigation phase," the central bank will also begin experimenting with the tender and decide toward mid-2021 whether to launch the digital euro project."Our role is to secure trust in money," President Christine Lagarde declared. "This means making sure the euro is fit for the digital age. We should be prepared to issue a digital euro, should the need arise."What is a CBDC? It's an electronic versions of legal tender that is based on blockchain technology. It can improve access in countries where cash use is dwindling,

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ECB takes another step towards a 'digital euro'