Following an intense two-year investigation phase launched by the Eurosystem in October 2021, the Governing Council of the European Central Bank (ECB) took the decision, on Wednesday 18 October, to move on to the preparation phase of the digital euro project from 1 November 2023, for an initial estimated period of two years.
In the first phase of its work, the Eurosystem is evaluating models for the design and distribution of a digital euro, should it be launched.
This preparation phase...