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ECB Confirms Digital Euro Will Mirror China’s CBDC Model

  • ECB President Christine Lagarde highlighted that the digital Euro will prioritize accessibility and usability for all citizens, reflecting China's approach.
  • The ECB is drawing inspiration from China's successful mass adoption of the digital yuan, aiming to achieve similar scale and inclusivity across the eurozone.
  • The digital Euro is envisioned as a universal currency that seamlessly integrates into everyday transactions, with a focus on reinforcing Europe's global financial standing.
  • The ECB views the digital Euro not only as a domestic tool but also as a strategic asset to reduce reliance on the U.S. dollar and enhance the EU's international financial presence, drawing insights from cooperation with China's central bank.

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