The European Central Bank last month applied to trademark the term “digital euro.”
The bank is currently working on a report exploring central bank digital currencies (CBDCs).
This move signals that the bank is in favour of releasing such a currency—but is still far behind China’s central bank.
The European Central Bank (ECB) has applied to trademark the term “digital euro” in a move that demonstrates the bank’s enthusiasm for a central bank digital currency (CBDC).
The ECB filed an application for the trademark on September 22, according to a Thursday Bloomberg report. The ECB is currently preparing a report on releasing a CBDC.