CBC

The digital euro is proposed as a solution to cryptocurrency risks in Europe.
AI Summary
According to Cointelegraph, Fabio Panetta, former official of the European Central Bank and Governor of the Bank of Italy, emphasized the importance of the digital euro in managing risks associated with the growing adoption of cryptocurrencies. In his closing remarks on the state of the economy, presented in the Bank of Italy's annual report published on May 30, Panetta stressed the need for the European Union to promote the central bank digital currency (CBDC) project to ensure financial stability and meet the demand for secure digital payments.