- The announcement comes following hundreds of other countries exploring the possibility of issuing its own CBDC.
The European Central Bank and EU are set to decide whether to introduce a digital euro later this year.
- Montenegro is not a member of the EU, but it has adopted the euro without joining the eurozone.
Ripple, the cryptocurrency exchange working with Montenegro to design and distribute the coin, is no stranger to controversy.
- In December 2020, the company was charged with conducting $1.3 billion in unregistered securities by the SEC.