Browsing: Digital Euro

Eurozone finance ministers express worry that the US’s embrace of cryptocurrencies under a new administration could jeopardize the euro area’s monetary sovereignty and financial stability.

Eurozone finance ministers express worries that the US’s new embrace of cryptocurrencies could threaten the region’s financial stability and monetary sovereignty.

The European Central Bank (ECB) is concerned about the potential impact of U.S. stablecoins on European banks and hopes that recent developments, including Donald Trump’s support for cryptocurrency, will accelerate the adoption of its own digital euro.

European Central Bank calls for digital euro to combat potential impact of Trump’s stablecoin initiatives on euro zone banks.