Entry Submitted by BlueBerry Muffin at 6:56 PM EDT on October 2, 2020
Europe’s central bank moves toward introducing digital euro
David Mchugh
Associated Press
Frankfurt, Germany – With consumers increasingly using cashless ways to buy things, the European Central Bank on Friday took a step closer to issuing a digital version of the euro currency shared by 19 countries, saying it had to be ready to launch digital money if a changing world requires it.
The central bank issued a comprehensive report outlining the reasons why it might need to take the step. The ECB also said it would hold public consultations on the idea with citizens, academics and bankers.
It said no decision has been made, and that any digital euro would complement cash, not replace it. The consultations will start Oct. 12.Google Europe Digital Currency
BlueBerry Muffin
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