On Thursday 18 November, Fabio Panetta, a European Central Bank (ECB) Executive Board member who is in charge of the digital euro project, detailed the issues surrounding the creation of a digital central bank currency by 2026, in a meeting of the European Parliament's Committee on Economic and Monetary Affairs (see EUROPE B12762A17).
If we do not meet the demand for digital payments, “others will emerge and fill the gap”, according to Mr Panetta. He cited the entry into the market of...