Cryptocurrencies
ECB Takes Major Step Toward Introducing a Digital Euro
- Officials publish comprehensive report on digital currency
- Central banks globally are exploring new payment technologies
Photographer: Wolfram Schroll/Bloomberg
This article is for subscribers only.
The European Central Bank will start experimenting with a digital version of the euro while holding a public consultation in a major step toward introducing the technology.
“Our role is to secure trust in money,” President Christine Lagarde said as the ECB published a study into the benefits and drawbacks of a digital currency. “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.”