✉news BusinessBanking first seen 15 h ago, last 5 h ago, peak #25
ECB's Cipollone: Digital Euro Will Give Banks Competitive Edge
Original: ECB’s Cipollone Says Digital Euro to Give Banks Competitive Edge
European Central Bank executive board member Piero Cipollone said the digital euro would give banks a competitive edge, arguing the central bank digital currency would support rather than undermine the financial sector. His comments come as the ECB continues preparatory work on the digital euro project, with European lenders raising concerns about deposit flight and disintermediation risks.
Why now: Ongoing debate over the digital euro's impact on banks as the ECB advances its development.
European Central BankPiero Cipollonedigital euroeurozone banks
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- ECB’s Cipollone Says Digital Euro to Give Banks Competitive Edge · Bloomberg.com
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