Very critical digital Euro decision from the European Central Bank


Very clear statements about the digital Euro came from Fabio Panetta, Member of the Board of the European Central Bank (ECB). According to Panetta’s statements, the governing council will decide in October whether to start the preparatory phase to develop and test the digital euro.
The ECB will issue a digital euro, but not yet issue these digital currencies.
In other words, it will continue to have banknotes as long as there is demand.
“So far, advanced economies see little reason to follow central bank digital currencies (CBDCs). But as mentioned earlier, all it takes is to make this breakthrough and the rest will come quickly. “For now, we haven’t quite reached that point yet,” he said.


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