ECB Begins 2-Year 'Preparation Phase' for Potential Digital Euro

ECB officials moving to 'preparation phase' for potential digital euro, starting November 1st.

Preparation phase to last 2 years, focusing on finalizing rules and selecting issuers.

Phase will include testing, experimentation, and gathering user feedback.

After 2 years, ECB will decide whether to move to next stage towards possible issuance.

ECB says launch of preparation phase doesn't guarantee digital euro will be issued.