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ECB Officially Launching CBDC (Eruptions Market Report 10-19-23)

Governing Council to start digital euro preparation phase following conclusion of two-year investigation phase on design and distribution of a digital euro.

Preparation phase will lay foundations for a potential digital euro, with work to include finalising rulebook and selecting providers to develop platform and infrastructure.

Preparation phase will pave way for potential future decision on issuing a digital euro.

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