Italian banks support the European Central Bank's digital euro initiative but hope to share initial investment costs.
Jinse Finance reported that Italian banks support the European Central Bank (ECB) in launching the digital euro, but hope to spread the required investment over a longer period of time. Marco Elio Rotini, General Manager of the Italian Banking Association (ABI), stated at a press conference that despite the high costs, banks still support this proposal because it embodies the concept of "digital sovereignty." Recently, the ECB has reached an agreement with EU finance ministers to determine the development roadmap for the digital euro. The central bank digital currency (CBDC) is expected to be launched in 2029, provided it receives EU approval next year. Rotini pointed out that the Italian Banking Association supports a dual strategy, advancing both central bank digital currency and commercial bank digital currency simultaneously, in order to keep pace with other countries.
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