The European banking community weighs in on digital euro development.
The European Banking Federation has released a paper detailing its vision for the digital money ecosystem of the future, and the retail digital euro in particular. The carefully worded paper expressed values and concerns about the digital euro from the perspective of commercial banks.
The paper, released on March 28, emphasized the bank's values, such as stability and privacy. It called for closer public-private partnership in the introduction of the digital euro. “There is currently no dialogue in place to address the fundamental changes and risks to the monetary and financial system,” the paper said. At the same time, there needs to be a framework for permanent high-level engagement.
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