ECB Would Limit Digital Euro to Maximum 1.5T, Says Fabio Panetta

ECB Would Limit Digital Euro to Maximum 1.5T, Says Fabio Panetta


A digital euro, if issued, would be capped at 1.5 trillion euros (US$1.6 trillion), Panetta told the committee. A concern with CBDCs is that consumers might keep all their money in the digital format, in effect depositing their entire savings with the central bank and starving consumer banks of the funds they require to lend to individuals and businesses.

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