30 May 2023

ECB Finalizes Digital Euro Prototypes as Development Decision Looms

The European Central Bank (ECB) has finalized prototypes for a digital euro as it prepares to take a decision later this year over whether to develop the EU's fiat currency in a new format, according to reports released on Friday. The ECB says its potential central bank digital currency (CBDC) can be designed to boost innovation – but appears more skeptical about using Web3-style distributed ledger technology and smart contracts. The EU is one of many jurisdictions across the world currently contemplating a CBDC – including near neighbors at the Bank of England. Source: Coindesk

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