The European Central Bank (ECB) has applied for the registration of the digital euro trademark. This step is a continuation of the ECB’s initiative to explore the possibility of issuing state cryptocurrency.
The application was filed on September 22 by Bock Legal, the ECB’s legal representative, according to Bloomberg, according to the website of the European Union Intellectual Property Office. The ECB representative confirmed the submission of documents.
Central banks around the world are experimenting with digital versions of their currencies. In mid-September, the head of the ECB Christine Lagarde announced that the final decision on the possibility of launching a digital currency for the Eurozone countries would soon be made.
In addition, she said last week that the digital euro should complement fiat currencies, not replace them in full. Recall that, as it became known in the spring, the ECB is studying the possibilities of the state cryptocurrency, which can be used by retail consumers.
Recently, the Central Bank of the Bahamas announced that from October 20, it will begin a gradual launch of its own digital currency called the Sand Dollar. In addition, the People’s Bank of China (PBOC) has been developing the digital yuan for the past six years, which is now being tested by banks and corporations and in several regions .