European Central Bank: We have no plans to issue digital currency
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The central bank's president, Mario Draghi, believes that distributed ledger technologies still require 'substantial further development' and there is no 'concrete need' to issue a digital euro because the use of physical cash is still high in the eurozone. (Source: Reuters)
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Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi
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