According to Panetta’s statements, recent geopolitical tensions show risks in Europe relying on U.S. firms for most digital payments. He pointed to companies such as Visa, Mastercard, and PayPal, which handle over two-thirds of European payments.
“When I discussed this with banks that opposed the digital euro, I asked who controls the 70% already lost,” Panetta said. European authorities plan strict regulation of stablecoins and private digital assets to avoid monetary fragmentation.
Unlike private , the digital euro will integrate directly into the ECB’s monetary policy framework. This design aims to maintain trust, ensure interchangeability of money, and prevent instability from unregulated innovation.
As digital finance expands, Europe believes issuing central bank digital money remains critical to safeguarding control over money creation and use. Can a regulated digital euro ensure stability as private digital assets keep growing?
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