The ECB’s ( European Central Bank) CBDC testing phase will start in 2023, with the complete implementation scheduled for 2026, according to ECB executive board member Fabio Panetta, who was speaking at an event at the National College of Ireland. Prior to its widespread adoption, Member States will have three years to test the Digital Euro.
Speech by Fabio Panetta (26 September 2022) , Member of the Executive Board of the ECB, at the Symposium on “Payments and Securities Settlement in Europe – today and tomorrow” hosted by the Deutsche Bundesbank
Panetta believes that if a digital euro supported by the ECB were accepted as legal cash in all EU member states ,the economy would benefit. Although just 20% of transactions now use cash, its implementation will not spell the death of cash.
16 May 2022 , Italian economist and member of the Executive Board of the European Central Bank (ECB), Fabio Panetta.
27 September,2022 an international conference involved an open and interactive discussion on the new and disruptive ecosystems that are rapidly emerging in the financial sector at the global level as a result of emerging innovative technologies.
Federal Reserve Chairman Jerome Powell said that a central bank digital currency (CBDC) in the U.S. would “not be anonymous” during an event hosted by the Bank of France on Tuesday.
JUST IN: ???????? FED Chair Jerome Powell says a US CBDC “would not be anonymous.” pic.twitter.com/6IhHytMOuM
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