European Central Bank to Enable DLT Transactions by 2026

The European Central Bank plans to support distributed ledger technology transactions from 2026 amid ongoing discussions about privacy in the proposed digital euro.

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Terms & Concepts
  • European Central Bank (ECB): The central bank of the eurozone responsible for monetary policy and maintaining price stability.
  • Distributed Ledger Technology (DLT): A digital system for recording transactions across multiple computers, enhancing transparency and security.
  • Digital Euro: A proposed central bank digital currency for the eurozone, intended to provide safe electronic payments.