European Central Bank Considers the Development of a CBDC

Over the last couple of years, governments and central banks throughout the world have been actively researching the opportunities and potential drawbacks of releasing central bank-based digital currencies. So far, China, Uruguay and Sweden are getting close to the official release of their CBDCs. Recent developments in the global payments market have encouraged other central banks to carry out their due diligence and research the market as well. Based on this, reports now indicate that the Euro