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ECB Explores Three Ways to Put Central Bank Money Onchain

The European Central Bank is examining three possible approaches to putting central bank money on blockchain-based systems, according to its published analysis. The work explores how euro central bank money could be made available on distributed ledgers, complementing the ECB's ongoing digital euro preparations. The announcement is drawing attention from banking and crypto communities as a signal of how traditional central banks may integrate with blockchain infrastructure.

Why now: Central banks moving money onto blockchain infrastructure is a significant development for banking and crypto markets

European Central Bankeurodigital euro

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