ECB to start two-year preparation phase for digital euro on 1 November
Banca March : The ECB has announced that the preparation phase is to begin on 1 November and will last for two years. The digital currency would be equivalent to cash, playing a complementary and not a substitute role. In this way, euro area citizens will be able to make payments while maintaining the anonymity of cash, but making it more difficult to counterfeit and more convenient to store. This…