ECB Warns Digital Euro Will Prevent Fragmentation
An ECB executive board member stated that the digital euro would ensure banks maintain a role in the EU monetary system.
The potential introduction of a digital euro by the European Central Bank could prevent increasing fragmentation across tokenization platforms, according to an executive board member.
Speaking on the initiative, the official stated that the digital euro would not take over the role of commercial banks, but rather ensure they retain a distinct function within the European Union's monetary system.
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Key facts
- Institution: European Central Bank
- Statement: Digital euro ensures banks have a role in the EU monetary system
- Risk Addressed: Potential increase in fragmentation across tokenization platforms
Source: cointelegraph.com
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