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European Central Bank pushes forward with DLT-based transaction settlement

European Central Bank pushes forward with DLT-based transaction settlement
The European Central Bank (ECB) has announced plans to integrate distributed ledger technology (DLT) into its existing infrastructure for settling transactions. The ECB aims to develop a safe and efficient platform for DLT-based settlements while ensuring interoperability with existing services. The second track of the initiative will explore a long-term solution for settling DLT-based transactions using central bank money. The decision aligns with the ECB's efforts to establish a more integrated European market for digital assets. The ECB also supports the promotion of a digital capital markets union to facilitate the growth of digital asset markets in Europe.

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