European Central Bank Starts Investigating Digital Euro
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- The European Central Bank (ECB) started the investigation of a digital euro.
- This investigation phase will start in October 2021 and last for about two years.
- ECB President says ECB should be ready to respond to people’s demands for digital currencies.
Recently, the European Central Bank (ECB) started the investigation of a digital euro, stating that it will last for about two years. According to ECB president Christine Lagarde, the ECB should be ready to respond to people’s demands for digital currencies and to develop a European arrangement that does not threaten the entire banking system.
The ECB website states,
We are now starting to investigate what a digital euro might look like. This investigation phase will start in October 2021 and last for about two years.
In an interview with Klaus Schwab, the f...
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