ECB may cap digital euro at 1.5T tokens — Executive board member

ECB may cap digital euro at 1.5T tokens — Executive board member


Fabio Panetta, an executive board member of the European Central Bank, or ECB, proposed the central bank limit the total holdings of a digital euro in an effort to prevent the digital currency from being used as a form of investment.

In a Wednesday speech for the Committee on Economic and Monetary Affairs of the European Parliament, Panetta hinted the ECB could cap the number of digital euros between 1 and 1.5 trillion tokens. The proposed limit would be part of an effort aiming to disincentivize residents from HODLing tokens as an investment like crypto assets, with “with larger holdings subject to less attractive rates.”

“Our preliminary analyses indicate that keeping total digital euro holdings between one trillion and one and a half trillion euro would

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