Italian Banking Association Ready to Accept Digital Euro
The Italian Banking Association announced it would be ready to start work on a European central bank digital currency. The Italian Banking Association (ABI) has revealed it would be willing to support the implementation of a digital currency from the European Central Bank. According to a June 28 update on the ABI website, the association had approved guidelines governing its position on digital currency and central bank digital currencies (CBDCs). The ABI—representing a group of banks in Italy—stated it was ready to “participate in projects and experiments regarding a digital currency from the European Central Bank [...] to speed up the implementation of a European-level initiative.” “Digital money needs to be fully trusted by citizens.
Coin Telegraph - 23rd Jun 06:06