The investigation phase for the digital euro is expected to be concluded in October 2023, the Finnish ECB policy-maker said in a speech at the University of California, published on Wednesday
A possible digital euro currency, which the European Central Bank is studying, could have several benefits such as facilitating cross-border payments and providing a digital monetary anchor, Finnish ECB policy-maker Olli Rehn said on Tuesday.
“A digital euro would give people an additional choice about how to pay and would make it easier to do so in an increasingly digital economy,” Rehn said. “A digital native form of safe central bank money could enhance stability by providing the neutral trusted settlement layer in the future financial system,” Rehn said, echoing recent comments by U.S. Federal Reserve Vice Chair Lael Brainard.
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