Executive Board Member Said ECB May Cap DigitalEuro at 1.5T Tokens
📣 Executive Board Member Said #ECB May Cap #DigitalEuro at 1.5T Tokens
👉 In a Wednesday speech for the Committee on Economic and Monetary Affairs of the #EuropeanParliament, #FabioPanetta hinted the ECB could cap the number of digital euros between 1 and 1.5 trillion tokens.
👉The proposed limit would be part of an effort aiming to disincentivize residents from #HODLing tokens as an investment like #cryptoassets “with larger holdings subject to less attractive rates.”
👉 #Panetta also reiterated that companies in the private sector would likely need to coordinate with public officials for an effective rollout of a digital #euro.
👉 He has previously suggested the importance of the #CBDC being accepted in both physical and online stores and allowing easy person-to-person #payments.
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