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The European Central Bank (ECB) has revealed plans for a 2-year transitional period before the launch of the digital euro. ECB's Nagel believes it will be possible to pay with the digital euro in approximately 5 years. The data collected through Central Bank Digital Currencies (CBDCs) has the potential to be paired with strict reserve requirements for commercial banks, creating a theoretical framework for inflation control. Brazil's top central banker envisions digital currency platforms replacing traditional financial instruments in the future.
Brazil’s top central banker sees digital currency platforms like the monetary authority’s popular instant-payment application eventually replacing credit cards and other traditional financial instruments https://t.co/W7PyPsBnh6
The #data collected through CBDCs has the potential to be paired with strict reserve requirements for commercial #banks, creating a theoretical framework for #inflation control, writes Sauradeep Bag https://t.co/R97DXiV8CD
ECB's Nagel: possible to pay with digital euro in roughly 5 years https://t.co/Wjw72MQAiR https://t.co/Wd8OkxTkRk
The European Central Bank has announced a 2-year transitional period before the launch of the digital euro https://t.co/tev7VYhmeY https://t.co/0BLFN9ZtYT
Officials with the European Central Bank have moved to the 'preparation phase' for the digital euro project. https://t.co/gz7OEorkDy