The European Central Bank (ECB) is gearing up to move to the next stage of its digital euro blueprint.
ECB President Christine Lagarde said a CBDC that will serve Europe could be launched in four years.
“We need to make sure that we do it right – we owe it to the Europeans,” Lagarde said while speaking to Bloomberg Wednesday. “The whole process – let’s be realistic about it — will in my view take another four years, maybe a little more.”
- The ECB will reveal an analysis of the 8,000 feedbacks it got from the public consultation survey on the probable launch of the digital euro. The European Parliament will receive the report before ECB’s governing council deliberates on the next step to be taken.
- According to Christine Lagarde, the decision on whether to roll out the digital euro will be discussed six months later.
It’s a technical endeavour as well as a fundamental change,” Lagarde said.
“We need to make sure that we’re not going to break any system, but to enhance the system.”