Digital Euro Will Coexist with Cash, Says European Central Bank's Panetta

Digital Euro Will Coexist with Cash, Says European Central Bank's Panetta
1 month ago

In a recent statement that reassured those concerned about the future of cash, European Central Bank (ECB) board member Fabio Panetta emphasized that the forthcoming digital euro is not intended to replace physical currency. During a financial conference in Paris, Panetta addressed anxieties surrounding the potential impact of a central bank digital currency (CBDC) on traditional cash, insisting that both can coexist harmoniously within the European economy.

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ECB’s Lane Advocates for Digital Euro to Counter Stablecoin Threats

ECB’s Lane Advocates for Digital Euro to Counter Stablecoin Threats
2 months ago

In a significant statement reflecting the evolving landscape of digital finance, European Central Bank (ECB) Chief Economist Philip Lane voiced strong support for the adoption of a digital euro. Speaking at a recent conference, Lane emphasized that creating a European digital currency is essential to mitigate the growing risks posed by stablecoins, particularly as their popularity and usage increase rapidly.

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