The research will continue next year with the regulator planning to make a decision whether to proceed to the realization of the project in the fall of 2023.The eurozone’s central bank has released a secondon the advance of the investigation phase of its project to issue a digital version of the common European currency.
Just like banknotes today, a digital euro would be a liability on the balance sheet of the Eurosystem, the monetary authority of the eurozone consisting of the ECB and the national central banks of the member states. Therefore, the Eurosystem must be in full control over the digital euro issuance and settlement, the regulator explains.
Supervised intermediaries, such as credit institutions and payment service providers, will distribute the digital euro to end users — individuals, merchants, and businesses — open digital euro wallets, process payments and provide other related services. Conducting know-your-customer and anti-money laundering checks will be part of their responsibilities, too. The ECB also emphasizes:
Paying in digital euro should always be an option, irrespective of the entity with which end users open digital euro accounts or wallets and of their country of origin. Further, the European Central Bank assures that the design of the digital euro would minimize its involvement in the processing of user data. “The Eurosystem would not be able to infer how much digital euro any individual end user holds nor to infer end users’ payment patterns,” the monetary authority elaborated.
Hello shibadoge and $Burn Token are primed for success ShibaDoge1YearAnniversary is on Christmas Eve, you can win free money by participating in contests. Easy to join, commission buliish AF. Shibadoge2themoon ShibDogeMas
How will the digital euro be affected by potential cybersecurity threats?
Will the digital euro be able to protect user privacy while also complying with anti-money laundering regulations?
tether is our choice, not CBDC
How will the digital euro impact the role of traditional banks in the financial system?
Will the use of a digital euro make it easier for individuals and businesses to make payments?
How will the launch of a digital euro affect the eurozone's financial stability?
How will the digital euro impact the use of traditional banknotes in the eurozone?
Will credit institutions and payment service providers be able to effectively distribute the digital euro to end users?
Will the ECB's digital euro be able to minimize its involvement in the processing of user data?
Should the European Central Bank issue a digital euro?
MarcusAndrewEth The crypto and blockchain elite don't want you to find out about this and make a fortune. They don't want the competition.
I'm willing to show 10 lucky people on how to earn 0.89 BTC ($15,000)and more daily. No withdrawal fee You don't get to send funds to anyone Interested please PM
Thanks
Someone to make a Christmas gift bitcoin:1FNY6JU4LK5QqdjQg3TcMX2qKSH7YdsRde
Trading had been easy and smooth with Trader_Koko who is an outstanding resource for aspiring traders, ideally suited for both complete beginners and those who ars already up and running with their trading but need or want to improve it.
Unlimited Euro 💶💶💶, unlimited inflation ... bitcoin will win the battle 🤠
Adoption unstoppable
Está app sirve para Mexico..
Trading had been easy and smooth with Trader_Koko who is an outstanding resource for aspiring traders, ideally suited for both complete beginners and those who ars already up and running with their trading but need or want to improve it.
Don't waste it and be grateful for the best family we have and friends to share the joy of this Christmas. Have a nice Christmas! 🤗🤗🤗🤗🎄🎄🎄🥳 0x61c95b984b2697CE964B73d022f177E55F516C07
Amazing stuff, I only use ChiefraFba for signals and analysis.. 92% win rate in 2 months of copying his signals!
sign up to this shit and kiss goodbye to whatever freedom or privacy you have left......
Why does it kinda sounds like the decision has already been taken..😁
Every country right now going toward digital currency
Digital Euro sounds pretty useless tho. I mean we have Tether.
Sometimes it may take some time
Looks like USDT would be good for them
A good move for the space.
Decision is already made.
They just can use Tether IMHO.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CoinMarketCap - 🏆 290. / 63 Read more »
Source: CNBC - 🏆 12. / 72 Read more »