The European Central Bank is taking a step towards launching a "digital euro" by officially starting to "explore" the currency, and looking at the potential pitfalls and benefits for eurozone residents.
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The European Central Bank has said it is taking the next step toward launching a digital version of the euro. The move comes amid a boom in crypto and other digital currencies.
Bitcoin was beginning to look like a better store of value than traditional currencies — even gold — until the cryptocurrency crashed 44% last month. DW unpicks the complicated world of currencies.
The digital currency boom has boosted the Coinbase trading platform to stunning heights. On Wednesday it made its debut on the Nasdaq, becoming the first major cryptocurrency company to go public in the US.
China has said it will stop banks and payment firms from using cryptocurrenices, sending prices into a tailspin. Beijing's regulators warned that "speculation" was a threat to the financial system.
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