The European Central Bank asks for public's opinion on CBDC

Monday 2 November 2020 14:17 CET | News

The European Central Bank has announced a survey of public opinion regarding the issuance of a digital euro, implying the central bank is considering a retail CBDC.

The central bank digital currency (CBDC) will be more than one intended for use between banks. It would represent a more profound change in the way finance works.

‘As Europeans are increasingly turning to digital in the ways they spend, save, and invest, we should be prepared to issue a digital euro, if needed. I’m also keen to hear your views on it’, the European Central Bank President Christine Lagarde said in a tweet announcing the survey.

While acknowledging that the ECB is still reviewing the possibility of issuing a digital euro, the central bank president also announced the launch of a public consultation to enable consumers and Europeans to express their preference and share with the European financial authorities whether they would be happy to use a digital euro just in the way they use a euro coin or a euro banknote. 

If you are interested to learn more about the topic of CBDC, feel free to check our central bank digital currency series here.


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Keywords: European Central Bank, ECB, central bank digital currency, CBDC, survey, Europe
Categories: DeFi & Crypto & Web3
Countries: Europe
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DeFi & Crypto & Web3

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