Cash is King: Many Germans Remain Uneasy Over Prospect of Looming Digital Euro

The European Central Bank began the “preparation phase” for the rollout of its ‘digital euro’ central bank digital currency (CBDC) scheme last October, but has held off on its implementation. In April, Deutsche Bundesbank president Joachim Nagel assured that “it may take another four or five years before [the CBDC] is actually implemented.”