Italy’s Banks Back Digital Euro, Ask to Stagger Implementation Costs
Reading Time: < 1 minute
Italy’s banking industry supports the European Central Bank’s digital euro but wants to spread out the high upfront costs associated with its launch.
The Italian Banking Association confirmed its endorsement, with its General Manager stating the project “embodies a concept of digital sovereignty.”
The backing comes after EU ministers agreed on a framework that gives them control over the currency’s issuance and sets holding limits to prevent destabilizing bank runs. The digital euro is currently slated for a potential 2029 launch.
Follow and like us on
