ECB leaders respond to banks' objections to digital euro, suggest priorities

Banks continue has increase objections that to have Already has been accounted for For In digital euro design, THE authors say.

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THE European Central Bank (ECB) has has been produce a lot of informative material about THE digital euro lately, a lot of he In THE form of Paperbacks, FAQs And other accessible formats. As they TO DO SO, THE bankers frustration with exaggerated fears And THE cold reception THE innovation has has been given East beginning has show.

ECB executives, including advice member Piero Cipollone, published A column In two variants on Feb. 19 addressing problems of bank intermediation. Specifically, they discuss banks' perceived confusion about disintermediation potentially resulting Since THE introduction of A euro central bank digital currency (CBDC):

"Despite THE explicit inclusion of mitigation measures In CBDC design, banking associations, sponsored by a bank think tanks And scholars to have continued has publish studies emphasizing THE risks partner with eliminate financial intermediaries Since transactions. »

THE authors briefly