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Europe mulls digital euro as China pushes ahead with own electronic currency

Summary:
[unable to retrieve full-text content]The European Central Bank (ECB) has moved a step closer to pursuing a digital euro, becoming the latest global central bank to seriously consider following China’s lead in creating a digital currency.China appears to be the clear leader in developing a sovereign digital currency, with pilot tests under way in several parts of the country.But other central banks are starting to explore the idea, spurred on in part by the attention the Chinese project is getting and the nation‘s advanced system…

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[unable to retrieve full-text content]
The European Central Bank (ECB) has moved a step closer to pursuing a digital euro, becoming the latest global central bank to seriously consider following China’s lead in creating a digital currency.China appears to be the clear leader in developing a sovereign digital currency, with pilot tests under way in several parts of the country.But other central banks are starting to explore the idea, spurred on in part by the attention the Chinese project is getting and the nation‘s advanced system…

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