European Central Bank Proposes To Cap Digital Euro At 1.5 Trillion

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The European Central Bank (ECB) executive board member, Fabio Panetta, spoke to the European Parliament’s Committee on Economic and Monetary Affairs about the digital euros development. Last year, the central bank started a two-year investigation into the development of a central bank digital currency (CBDC) for the eurozone. The development of a digital euro is said to be complemented by the euro and not replace the fiat currency. Q1 2022 hedge fund letters, conferences and more What’s A CBDC?Recently, China implemented its own CBDC and distributed the token to a large number of its populatio…

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