Work on ECB digital currency under way, progress possible next year
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BRUSSELS (Reuters) - Progress on the feasibility of a digital currency backed by the European Central Bank could be made in the coming months, senior officials said on Friday, cautioning that the project faced challenges and was for the long term.Plans for a European public digital currency have begun emerging after social media giant Facebook announced in June its blueprint for Libra, a private digital currency, which spooked regulators who have since raised concerns and said Facebook's project..