The e-euro is getting closer and closer – Although the representatives of the European Central Bank (ECB) take into consideration Bitcoin and decentralized cryptocurrencies as “insignificant”they talk about it very (very) often… and systematically talk bad about it. Conversely, the bankers cover praise the future digital euro of which they will have full control. Details have just been revealed about this central bank digital currency (MNBC).
The European Central Bank publishes its progress on its MNBC
On January 16, 2023, two elements arrived to speed up the projectdigital eurostrongly inspired – like all MNBCs – by the innovative and revolutionary technologies of bitcoins (BTC) and cryptocurrencies.
It was the European Central Bank that did it first published a “state of affairs” of his study to issue a digital euro. Let’s find out there at roadmap (roadmap) unveiling the next steps for this new digitized version of the single European currency.
From this month of January 2023, for example, we learn that the ECB will launch a market research on “technical design of any components and services” of a digital euro.
EU finance ministers ready to validate a digital euro
This same Monday, January 16, is theEurogroup – bringing together the finance ministers of the euro area – who gave their opinion green light continue the study and construction of the digital euro. In this declaration municipalities, even the ministers take stock of theadvancement of the project.
So explains the Eurogroup “reaffirm support for efforts” preparatory work for “potential problem” of an e-euro based on Distributed Ledger Technology (DLT):
“(…) a digital euro could play a key role in an increasingly digitized economy, reinforcing the open strategic autonomy of the European Union (…) fostering innovation in the financial sector and providing benefits to citizens, to businesses and member states, while preserving the role of central bank money as an anchor of our monetary system. »
L’interoperability with the MNBCs of other central banks is considered by the Eurogroup as a “significant feature” of the digital euro, in order to take advantage of cross-border transactions “faster, cheaper and safer”.
It must be said that other countries seem much more advanced in their “state cryptocurrency” than our digital euro. Whether that’s good or bad, that’s another story. The China and its digital yuan they are nonetheless unquestionable the most advanced on the subject of MNBC. In fact, the e-CNY has already been in field testing for some time.
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