Last week, the ‘Global Blockchain Congress’:
Convergence took place in Malaga, Spain where a European Central Bank (ECB) official confirmed its work on a digital Euro. The bank has explored it as both a retail and wholesale central bank digital currency (CBDC), and noted it has experimented with blockchain.
Update: In October 2020 the ECB published its report on the digital Euro.
“We have a dedicated team looking at this in the ECB. Even if we’re not particularly vocal on this compared to
other central banks, we’ve been doing a lot in the past,” said the bank’s Innovation team leader, Dirk Bullman, who spoke at the event last Tuesday. This was a few days after, according to
Reuters, an ECB official claimed digital Euro work was underway and “several options” were being considered.
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