European Banks Push Back Against ECB's Digital Euro Plan Amid Regulatory Tensions

European Banks Push Back Against ECB's Digital Euro Plan Amid Regulatory Tensions

By Tokenpost
Europes ambition to launch a digital euro by 2029 is facing strong resistance from the regions biggest financial institutions. Fourteen leading European banks, including Deutsche Bank, BNP Paribas, and ING, have united to oppose the European Central Bank (ECB) plan, arguing it could disrupt private payment systems and duplicate market-driven innovations.

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Market Sentiment
Negative
Category
general
Reading Time
1 min
Article Type
Article
Topics & Keywords
#digital euro#regulations

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Source: Tokenpost

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