Too Long; Didn't Read
The ECB (European Central Bank) published a report stating the digital euro is getting closer to be launched. The report comes a couple of days after the Federal Reserve (FED) announced a collaboration with specialists from the Massachusetts Institute of Technology (MIT) within the field of digital currencies. Digital currencies promise many advantages for users - and European users should not lose access to money in an increasingly digital world. The central bank must first develop the legal and operational framework for this and deal with issues such as efficiency, security or privacy in transactions.