ECB must gauge digital euro impact on banks before launch -Spanish official – One America News Network

0
146

(Refiles to remove extraneous word ‘have’ from final paragraph)

By Jesús Aguado

Advertisement

MADRID (Reuters) -The European Central Bank needs to measure the impact of the digital euro on the euro zone’s banking system before any final decision on its potential launch, Spain’s deputy central bank governor Margarita Delgado said on Friday.

The ECB is due to decide in October whether to push ahead with a digital euro, which aims to tackle a shortage of European payment service providers.

In June, the European Union proposed injecting more competition into the payments sector, giving legal backing to a digital euro, meaning it would have to be accepted as a form of payment.

“The issuance of a digital euro should not be in detriment to the stability of the financial system,” Delgado said, adding that despite the robustness of the euro zone’s banking sector,…

Read more…

LEAVE A REPLY

Please enter your comment!
Please enter your name here