ECB plans to legalize the digital euro as a means of payment within two years
This will help ensure a wider distribution of CBDC than critics of the project suggest
15.11.2021 - 14:15
956
1 min
0
What’s new? An economist and member of the European Central Bank’s (ECB) executive board Fabio Panetta stated that the digital euro will become legal tender in the eurozone if the ECB proceeded to launch the new form of money. At the same time, he stressed that obtaining the status of an official payment instrument should not be taken for granted.
Information on the BNN Bloomberg platform
“This is a likely outcome. The issue will be considered in the next 24 months,” Panetta added.
What are the benefits for CBDC? The status of a legal payment instrument may give the digital currency issued by the central bank an advantage over other forms of electronic payments in Europe. Right now, they are not recognized as legal tender and are therefore not always available as a payment method. If the ECB makes the digital euro cost-effective and guarantees its usability, it will help ensure wider distribution than critics of the project suggest.
What does Panetta say? The economist refuted arguments that the digital euro will be superfluous against other alternatives, saying the central bank will do anything to stimulate its use.
Useful material?
Telegram 
Twitter Incidents
In a single week, hackers went after PHP websites, the Railway cloud platform and a medical company, and experts started talking about a crisis that is only just beginning.
Oct 28, 2026
Incidents
In 104 minutes, the attacker emptied 1,404 addresses before validators halted the network and froze almost all of the loot.
Oct 19, 2026
Incidents
Developers warned of potential risks to bridges across the ecosystem and asked exchanges for assistance.
Jun 22, 2026
Incidents
The defendant helped move funds stolen through investment scams and earned at least $4 million for his role in the operation.
Jun 10, 2026
Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Cryptocurrency rates
-
Bitcoin
$77 892
BTC
+0.54%
-
Ethereum
$2 264.09
ETH
+0.51%
-
BNB Smart Chain
$707.9
BSC
+0.84%
-
Ripple
$1.42
XRP
+1.04%
-
TRON
$0.312941
TRX
+2.87%
-
Zcash
$1 239.63
ZEC
-2.47%
-
Dogecoin
$0.075368
DOGE
-0.68%
-
Cardano
$0.218269
ADA
+2.11%
-
Stellar XLM
$0.184461
XLM
+2.83%
-
Bitcoin Cash
$283.27
BCH
-0.42%