Fabio Panetta says that this would limit the risk of disintermediation of the banking system should the majority of people decide to save with the central bank.
Christine Lagarde remarked that digital currencies are highly speculative and very risky assets, but backed that the central bank will be behind the digital euro.
The European Central Bank has published a report presenting the privacy options it is considering in the development of a digital euro under the Eurosystems CBDC program.
The comment period has been open for just two weeks, but the comments have been piling up, with Germans dominating and most opposing the digital euro.
The commission wants to hear from finance specialists on their needs and expectations for a digital euro, its role in the economy, privacy protection, and more.
The European Commission also said that the bill proposed in early 2023 would serve as the legal foundation for the euro central bank digital currency (CBDC).
The deputy governor of the Bank of France addressed the need for DeFi and digital assets regulations and expressed his concerns about CBDC.
The new government, which replaces former Chancellor Angela Merkel, is committed to digitalizing Germany, including allowing tokenized securities and digital euro.
Appointed members of the Digital Euro Market Advisory Group will advise on matters relating to the development of a digital euro and work on behalf of the Eurosystem.
Nexi is one of the biggest payments companies in Europe, the company offers payments services for other banks while also providing services for merchants and digital banking groups.
Jürgen Schaaf said the test phase is still in trial for the technology and banks would experiment with digital currency to determine whether to roll out its central bank digital currency more widely.