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The increasing spread of virtual currencies, which were originally conceived as instruments to revolutionize payment transactions, has now also brought central banks and state actors on board. After China, for example, tested a first prototype of a Central Bank Digital Currency (CBDC) in practice, the European Central Bank (ECB) has now also reacted and presented plans to introduce a digital euro to the public in a 50-page report. It is not yet certain, let alone decided, whether and how this project will be implemented in reality. The draft does, however, offer sufficient discussion material to deal intensively with questions of the necessity, advantages and feasibility of a potential digital euro.
Eric Frey, DER STANDARD