European Central Bank Says Digital Euro Would Support Monetary Sovereignty
In a recent blog post, the European Central Bank (euro area central bank) said a digital euro could reduce Europe’s reliance on non-European payment providers.
Summary
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Terms & Concepts
Digital euro: A proposed central bank digital currency, or CBDC, issued by the European Central Bank for use in the euro area.
Monetary sovereignty: A country or currency area’s ability to control its money and payment system without depending heavily on foreign providers.