ECB responds to running digital euro on public blockchains like Ethereum: No final decision has been made yet

According to a report by Jinse Finance, European officials are now considering running the digital euro on public blockchains such as Ethereum or Solana, rather than the previously anticipated private blockchains that were favored due to privacy concerns. Previously, the European Central Bank had conducted several years of research into the potential launch of a digital euro. EU officials are now concerned that U.S. legislation will further drive the adoption of dollar-denominated tokens, making it necessary to introduce a digital euro to safeguard the euro’s dominance across the European continent.