Central bank digital currencies (CBDCs) will probably become legal tender in the jurisdictions of their issuance, the European Central Bank’s (ECB) Fabio Panetta said.Panetta, a member of the ECB’s executive board, said this was “likely” at a panel in Helsinki on Tuesday, according to a Bloomberg report. However, this status “should not be taken for granted,” he added.CBDCs … [Read more...] about ECB’s Panetta Says CBDCs ‘Likely’ to Be Legal Tender: Report
ECBs
ECB’s Panetta Says Digital Euro Should Expand Overall Payment Solutions
Fabio Panetta, a member of the European Central Bank’s (ECB) executive board, detailed the roadmap for the successful inclusion of a “digital euro” on Friday.The ECB is examining whether to introduce a central bank digital currency (CBDC) for retail payments, Panetta said in a speech at the Elcano Royal Institute, Madrid.If payment trends in the European Union (EU) continue, … [Read more...] about ECB’s Panetta Says Digital Euro Should Expand Overall Payment Solutions