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The euro symbol sign outside the former headquarters of the European Central Bank in Frankfurt

The ECB’s new rush toward the digital euro

The European Central Bank is gearing up to introduce a “digital euro” that would circulate alongside regular currency. Doing so would give the ECB more flexibility in monetary policy and consumers greater access to money. But it would also upend the current system, giving the ECB huge powers of surveillance over transactions and even the tools to strong-arm savers into spending.

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