Tag: digital euro
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ECB allocates EUR 1.2 billion for retail digital euro development
The European Central Bank (ECB) has announced the allocation of EUR 1.2 billion towards the development of retail digital euro. This significant investment is part of the ongoing efforts to explore the potential launch of a central bank digital currency (CBDC) in the eurozone. With the increasing popularity of digital currencies such as Bitcoin and…
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Eurosystem moves to a new phase of the digital euro project
Eurosystem Moves to a New Phase of the Digital Euro Project Introduction The Eurosystem, comprised of the European Central Bank (ECB) and the national central banks of the Eurozone countries, is entering a new phase of its revolutionary Digital Euro project. This initiative aims to explore the benefits and challenges of introducing a digital version…