Breaking: European Central Bank Explores Launch Of Digital Currency

Amidst some very tensioned times just ahead of the US elections, new reports are making waves in Europe about a potential digital Euro.

ECB explores the feasibility of launching a digital euro

It’s been just revealed that the European Central Bank (ECB) president Christine Lagarde has officially announced the launch of public consultations to explore the feasibility of issuing a digital euro.

Christine Lagarde published a comprehensive report on the potential issuance of a digital euro on October 2nd.

She said that the ECB is ready to engage with the broader European community to assess their needs and expectations of a digital Euro.

The need for a digital Euro

Her announcement comes following the fact that ECB executive board member Fabio Panetta released a statement regarding the need for a digital Euro at the Committee on Economic and Monetary Affairs of the European Parliament.

“We do not have a digital currency issued by the central bank that we can use for all our daily transactions. A digital euro would fill this gap and be a digital equivalent of euro banknotes. It would complement cash, not replace it.”

We recommend that you check out the original report on the potential issuance of a digital euro.

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