„Italy is joining China and other countries in embracing the concept of digital currency.
The Italian Banking Association (ABI) says its members are willing to pilot a digital version of the euro.
ABI, comprised of over 700 Italian banking institutions, expressed its desire to help accelerate the implementation of a digital currency backed by the European Central Bank (ECB) by participating in related projects and experiments. Last year, ABI set up a working group to research digital and crypto assets, Yahoo Finance reported.
The group shared 10 considerations for a digital euro in its announcement, starting with, “Monetary stability and full compliance with the European regulatory framework must be preserved as a matter of priority.” “ (…)