Home Cryptocurrency The digital euro will never be programmable, says the ECB’s Panetta

The digital euro will never be programmable, says the ECB’s Panetta

by SuperiorInvest

The ECB is currently one of around 100 central banks exploring a central bank digital currency, and is expected to consider whether to do so later this year. Some observers have touted the ability to limit further uses of the digital currency — such as food stamps that can only be spent on essential goods or automatic tax payments — as an advantage. Others, incl eurozone finance ministersthey oppose, arguing that the ability to be programmed would override money’s function as a fully fungible asset.

Source Link

Related Posts

%d bloggers like this: