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- Digital euro may still be five years away - ECB's Panetta
Digital euro may still be five years away - ECB's Panetta
Reuters reports that ECB board member Fabio Panetta said that the ECB could decide around mid-year whether to proceed with a digital euro but the formal launch of the currency may still be around five years away.
If the process gets the go ahead this year, there will a two-year investigation phase and a two to three year implementation phase, Panetta told a conference.
ECB President Christine Lagarde last month said she hoped the digital euro could be read in four years.
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