The European Central Bank (ECB) has taken what could be a big first step toward launching a digital currency.
Even as it wraps up a study of the pros and cons of launching a digital currency, ECB executives want to trademark the term “digital euro,” Bloomberg reports.
The central bank’s legal office has filed an application for the trademark with the European Union Intellectual Property Office, which was confirmed by a spokesman for the ECB, the news service reported.
The ECB is expected to soon release its assessment of whether to launch a digital euro, a move that comes as central banks around the world explore digitization amid a time of revolutionary change in the payments sector.
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