The European Central Bank (ECB) to move on with digital euro project in November
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The European Central Bank (ECB) has advanced to the next phase of its digital euro project, laying the groundwork for its potential issuance. The decision comes after a two-year investigation into the design and distribution of the digital euro. The preparation phase, starting in November 2023 and lasting for two years, involves finalizing a rulebook and selecting providers for the currency’s platform and infrastructure. This phase will focus on developing