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Panetta: Fourth progress report on the investigation phase of a digital euro
I am pleased to inform you that tomorrow we will publish a fourth report presenting further progress made during the investigation phase of the digital euro project.1 The report starts by explaining the Eurosystem’s views on a digital euro compensation model for stakeholders, which has been endorsed by the Governing Council, including considerations on free basic use, network effects, incentives for intermediaries and Eurosystem costs. The report goes on to provide updates on areas of ongoing work, such as the high-level design, considerations on digital financial inclusion, and the envisaged roll-out approach. ... (full story)