ECB executive Fabio Panetta aims for digital euro expansion
The European Central Bank executive , Fabio Panetta, stated in a speech that the EC proposal for the digital euro could give the CBDC legal tender status. In a speech at the Economic and Monetary Affairs Committee, the executive said that the European Commission’s legislative proposals for the digital euro place Europe at the forefront of advanced economies. Panetta added that the digital euro could be a new form of central bank money. A digital euro would be a new form of central bank money, says Executive Board member Fabio Panetta. It is now up to legislators to ensure it would replicate key characteristics of cash in the digital sphere, particularly its privacyhttps://t.co/nQJzYylwpV 1/3 pic.twitter.com/4XPlk83Lwj — European Central Bank (@ecb) September 4, 2023 The European Commission (EC) revealed its proposal for the digital euro on June 28. The ECB executive explained that the digital euro will preserve European monetary sovereignty, helping citizens access a pu...