FRANKFURT (Reuters) – The European Central Bank took a first step on Wednesday towards launching a digital version of the euro, part of a global drive to meet growing demand for electronic means of payment and tackle a boom in cryptocurrencies.
“The Governing Council of the European Central Bank (ECB) has decided today to launch the investigation phase of a digital euro project,” the ECB said in a statement.
“The investigation phase will last 24 months and aim to address key issues regarding design and distribution.”
(Reporting By Francesco Canepa; Editing by Andrew Heavens)
Image Credit: Reuters
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Source: https://datafloq.com/read/ecb-takes-first-step-towards-digital-euro/16334
