Digital Euro (CBDC)

Over the past few years, there has been growing talk about the ECB (European Central Bank) preparing to launch a digital euro (CBDC)—a state-controlled digital currency. Currently, it is being positioned as a digital version of cash.

It’s important to note that this is not the same as cryptocurrencies. CBDCs are issued by banks, meaning they are centralized, whereas cryptocurrencies belong solely to Web3 users.

The research phase concluded in October 2023, and the project is now in the preparation stage. The system is currently being tested across various technologies—both centralized and decentralized.

💡 So, are CBDCs “digital shackles”? Or are they a major step forward?