The European Central Bank has applied to trademark the term “digital euro” as officials prepare to release an assessment of the benefits and drawbacks of creating a digital version of the currency.
The application was filed on Sept. 22 by the ECB’s legal representatives Bock Legal, according to the website of the European Union Intellectual Property Office. An ECB spokesman confirmed the filing.
Central banks across the world have been experimenting with digital versions of their currencies, with the idea of safely adapting to digitizing economies. ECB policy makers have recently stressed the need to stay on top of global changes in payments -- both due to evolving technology and an increase in protectionism.