The European Central Bank first began investigating the prospect of issuing a digital euro in 2021. Five years later, the ECB is just three years away from launching it (pending the approval of legislation presently sitting with the parliament). Eight years, as European projects go, is not really all that long. The euro was discussed in some form or other for 30 years before it was issued. However, some at OMFIF’s Digital money summit remarked that the ECB was not showing sufficient urgency to adapt in the face of increasing competition from dollar-denominated stablecoins. Of course, creating a new format of public ... (full story)