Today Eesti Pank, Estonia’s central bank, announced a multi-year central bank digital currency (CBDC) initiative in collaboration with enterprise blockchain firm Guardtime and SW7 Group. Estonia is part of the eurozone so this is a digital euro project.
The announcement says that the European Central Bank’s Governing Council decided last week that central banks in the euro area will coordinate research into CBDC solutions.
Estonia sees itself as in a strong position because it has one of the most advanced e-government infrastructures globally.
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