{"id":177143,"date":"2023-10-19T14:21:07","date_gmt":"2023-10-19T08:51:07","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=177143"},"modified":"2023-10-19T14:21:07","modified_gmt":"2023-10-19T08:51:07","slug":"ecb-to-kick-off-digital-euro-preparation-phase-on-nov-1-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ecb-to-kick-off-digital-euro-preparation-phase-on-nov-1-crypto-news\/","title":{"rendered":"ECB to kick off digital euro preparation phase on Nov. 1 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The European Union\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/imf-global-cbdc-platform-rules-needed\/\">central bank digital currency (CBDC)<\/a> will enter its \u201cpreparation phase\u201d on Nov. 1.\u00a0<\/p>\n<p><strong><em>See related article: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/eu-wholesale-cbdc-plans-france-central-bank-governor\/\">EU wholesale CBDC plans to publish within weeks, France central bank governor says<\/a><\/p>\n<h3 class=\"wp-block-heading\">Fast Facts<\/h3>\n<ul>\n<li>The preparation phase will lay the foundation for a potential digital euro by finalizing the rulebook and selecting infrastructure developers, the Governing Council of the European Central Bank (ECB) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.ecb.europa.eu\/press\/pr\/date\/2023\/html\/ecb.pr231018~111a014ae7.en.html\">said<\/a> on Wednesday.<\/li>\n<li>Two years from Nov. 1, the Governing Council is set to determine whether to proceed to the next phase of its digital euro project.<\/li>\n<li>The preparation phase follows a two-year investigation phase, which examined the design and distribution of a CBDC.<\/li>\n<\/ul>\n<ul>\n<li>The ECB has said it envisions the digital euro as a digital form of cash that is widely available for payments across the euro area, free for basic use and available for both online and offline payments.\u00a0<\/li>\n<\/ul>\n<ul>\n<li>The central bank claimed that a euro-based CBDC would also offer the \u201chighest level of privacy\u201d and instant payment settlement.<\/li>\n<\/ul>\n<ul>\n<li>The European Commission released the draft bill for <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/eu-draft-bill-digital-euro-cash-payments\/\">the digital euro<\/a> at the end of June.<\/li>\n<\/ul>\n<p><strong><em>See related article: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/japanese-yen-backed-digital-currency-set-launch-next-july\/\">Japanese yen-backed digital currency set to launch next July<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The European Union\u2019s central bank digital currency (CBDC) will enter its \u201cpreparation phase\u201d on Nov. 1.\u00a0 See related article: EU wholesale CBDC plans to publish within weeks, France central bank governor says Fast Facts The preparation phase will lay the foundation for a potential digital euro by finalizing the rulebook and selecting infrastructure developers, the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":177144,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-177143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/177143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=177143"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/177143\/revisions"}],"predecessor-version":[{"id":177145,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/177143\/revisions\/177145"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/177144"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=177143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=177143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=177143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}