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Monday, October 12, 2020

Towards a Digital Euro

More experiments in the space.  

Why is the ECB eyeing a 'digital euro'?  by Florian Cazeresin Techxplore

A digital euro would complement, not replace cash

The European Central Bank will on Monday launch a public consultation and start experiments to help it decide whether to create a "digital euro" for the 19-nation currency club. The move comes as the pandemic accelerates a shift away from cash, and as policymakers nervously eye the rise of private cryptocurrencies like Bitcoin.

Here's an explainer of what a "digital euro" would mean for the region's citizens.

What is a digital euro? A digital, or virtual, euro would be an electronic version of euro notes and coins, it would be legal tender and guaranteed by the European Central Bank. .... ' 

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