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Italian Banks Back Digital Euro but Urge Gradual Cost Implementation

Italian Banks Back Digital Euro but Urge Gradual Cost Implementation

Author:

Global Cryptocurrency

Published:

2025-11-09 05:43:02

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BTCCSquare news:

The Italian Banking Association (ABI) has voiced strong support for the European Central Bank's digital euro initiative, framing it as a cornerstone of Europe's digital sovereignty. Marco Elio Rottigni, ABI's General Manager, underscored the project's strategic importance during a Rome press conference, though he cautioned against immediate cost burdens on banks.

EU finance ministers, ECB President Christine Lagarde, and European Commission Vice President Valdis Dombrovskis recently aligned on granting member states control over issuance limits and wallet holdings—a MOVE designed to mitigate bank withdrawal risks. The phased rollout aims to balance innovation with financial stability.

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