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Digital Euro's Impact on Cash Circulation Highlighted in ECB Report
According to PANews, the European Central Bank (ECB) released a report on April 19, stating that for every ten digital euros issued, five paper banknotes will be withdrawn from circulation. This initiative is viewed as a strategic sovereignty tool for the European Union, contrasting with U.S. President Donald Trump's administration's stance against developing a digital dollar. The report highlights that the widespread adoption of digital currency is expected to reshape asset structures and potentially decrease the demand for bank deposits and cash.
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