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Digital euro wouldn't use Bitcoin-style distributed technology, Panetta says

( June 21, 2021, 07:29 GMT | Official Statement) -- MLex Summary: A new digital euro wouldn't use the distributed ledger technology that underpins the likes of Bitcoin, with the European Central Bank preferring to use existing centralized payment systems such as its own TIPS to serve the needs of 400 million customers, ECB executive board member Fabio Panetta has said. Panetta confirmed that any new system would use private payment service providers as intermediaries, rather than central bankers directly managing individual accounts.Statement follows. ...

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