The European Central Bank Establishes an Advisory Board for the Research of the Digital Euro

The European Central Bank (ECB) has set up a 30-person advisory board to contribute to digital central bank money research.

Advisors in the private sector are considering a potential digital euro project to be developed by the European Central Bank. to the design and to the distribution will make recommendations regarding

The European Central Bank announced in July after the completion of the negotiation process on the digital euro. to the research process announced the transition.

Advisory board created, the digital euro to the payment ecosystem in the euro zone It will contribute to the research of how it can add value.

The 30-member board will include representatives from BBVA, Deutsche Bank, IKEA, Société Générale and more.

Advisory Board, with the first in November 2021 with quarterly meetings will meet. The research process of the digital euro will last 24 months.

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