ECB launches the digital euro project. Lagarde: “We change gear”
The ECB has launched a project on the digital euro. Satisfied the president Christine Lagarde: “Encouraging results” from consultations with citizens, professionals and experimental analyzes and tests. “All this – reads Il Sole 24Ore – has pushed us to take a step further and start the digital euro project. Nine months have passed since we published our report on the digital euro. In that period we have carried out further analyzes. , asked for ideas from citizens and professionals, and conducted some experiments, with encouraging results. All this led us to decide to change gear and start the project of the digital euro “.
“The Governing Council of the ECB – continues Il Sole – decided today to start the preliminary phase of a project on the digital euro. The investigation phase will last 24 months and will aim to address the key issues concerning design and distribution ”. This is what Fabio Panetta, member of the ECB board of directors, writes in a letter sent to Irene Tinagli, president of the European Parliament’s Economic and Monetary Affairs Commission, published on the central bank’s website. “A digital euro – writes Panetta – must be able to meet the needs of Europeans and at the same time help prevent illegal activities and avoid any unwanted impact on financial stability and monetary policy”.