The European Commission, the executive branch of the European Union (EU), is planning to propose a digital euro bill in 2023. The bill will complement the European Central Bank’s (ECB) experimentation into a retail central bank digital currency for the union.
-via Coindesk
With the rising popularity of private cryptocurrencies like bitcoin and stablecoins (which are pegged to the value of assets like the U.S. dollar), research into central bank digital currencies (CBDCs) has picked up around the world.
Counties like Canada and China, are running pilot programs, and Nigeria launched a CBDC in October. US and Europe is also going on a slow start
