April 25, 2024

ECB applied for registration of the "digital euro" trademark

The ECB has applied for the registration of the trademark

The European Central Bank (ECB) has filed an application with the European Union's Intellectual Property Officeproperty (EUIPO) to register the digital euro trademark.

There is no official statement on preparations for the release of the digital euro yet.The ECB is preparing a report on the possibility of issuing CBDCs for retail use in Europe. 

The regulator plans to hold a public discussion to get feedback. Based on the results of the discussion, the future ECB policy regarding CBDC will be formed.

While regulators around the world are exploring the benefits of CBDCs, no national central bank digital currencies have been released yet.

So far, only the Central Bank of the Bahamas has announced the launch date of its digital currency Sand Dollar.

China is already finishing testing the digital yuan. The US and the European continent are still debating and cautiously exploring the idea.

CBDC concept is very different from principlesdecentralized cryptocurrency. According to government agencies, the national digital currency should be fully controlled by the state bank and be traceable, without anonymity for regulatory and inspection bodies.

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