ECB Pushes Digital Euro as US Crypto Moves Shake Up Markets
Piero Cipollone, an ECB executive board member, has called on EU banks to speed up the implementation of a digital euro, following the US’s regulatory moves on stablecoins. Cipollone warned that Trump's executive order could push people away from traditional banking to digital alternatives. The digital euro project is in its early phase, with a decision expected by October 2025. Despite concerns about its impact on cash usage, the initiative gains support, though some, like Bitcoin advocates, remain skeptical about CBDCs’ role in the financial system.
Material prepared by the exchange: coytx.com
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