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Jul 15 2021, 7:32 AM July 14 2021, 5:15 PM July 15 2021, 7:32 AM (Bloomberg) Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. (Bloomberg) Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. The European Central Bank took a major step toward a digital euro on Wednesday, approving an “investigation phase” that could ultimately lead to a virtual currency being implemented around the middle of the decade. The next stage will last 24 months and aims to address key issues on design and distribution, the ECB said in a statement. It also said the decision “will not prejudge any future decision on the possible issuance of a digital euro, which will come only later. In any event, a digital euro would complement cash, not replace it.” Executive Board member Fabio Panetta said the next phase would be implementation, which would take about three yea

Christine lagardeMario draghiFabio panettaMonetary policyEuropean central bankNew economy dailyExecutive boardPayment settlementகிறிஸ்டின் லகார்ட்ஃபேபியோ பனெட்டாபண பாலிஸீஐரோப்பிய மைய வங்கிநிர்வாகி பலகைகட்டணம் தீர்வு