The European Central Bank starts working on the Digital Euro

The European Central Bank (ECB) has announced that it has established the Digital Euro Market Advisory Group. The Advisory Group will advise the bank on how they can add value to the central bank digital currency offering.

Among those elected to the advisory group are members of banking and economic institutions known in Europe. Among the elected are members of banking and economic institutions known in Europe, such as Société Générale, Nordea, Intesa Sanpaolo, Swedbank, La Banque Postale and Deutsche Bank. Roberto Catanzaro of the Nexi Group, a company that has announced that the digital euro is involved in the design stages, is also part of the council. The group will host at least quarterly meetings starting next month.

According to the statement, 30 members of the advisory group will advise the ECB on how it can be modified to better address the needs of different sectors in the eurozone. It was stated that the issues identified as a result of these group meetings will be moved to the Euro Individual Payments Board, a corporate forum that discusses individual payments, and the payments area will also be addressed specifically.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.