ECB issues first digital euro ‘preparation phase’ progress report

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ECB issues first digital euro ‘preparation phase’ progress report - CoinGeek

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The post ECB issues first digital euro ‘preparation phase’ progress report appeared first on CoinGeek.

Monday’s report represented the first comprehensive update on the planning, designing, and decision-making progress of the digital euro preparation phase thus far, taking the bloc one step closer to an EU-wide CBDC becoming a reality.

After the consultation, the ECB decided to move forward with a formal “investigation phase” to explore the feasibility and design of a digital euro; this phase ran for two years, from October 2021 to October 2023.