At a hearing on Monday 17 November before the European Parliament’s Committee on Economic and Monetary Affairs (ECON), Piero Cipollone, member of the Executive Board of the European Central Bank (ECB), sought to reassure MEPs and clarify the most controversial issues surrounding the future digital euro. These include the use of cash, respect for confidentiality and possible destabilisation of the banks’ business model.
“The digital euro will enable [banks]to preserve their business...