Europe Imposes Capital Controls Amid Digital Euro Uncertainty

Capital controls are being implemented across Europe as concerns surrounding the introduction of a digital euro intensify. CitizenX CEO Alex Recouso shared on X (formerly Twitter) that Spain has enacted penalties, imposing a 3,000-euro fine for failing to report cash withdrawals exceeding 150 euros within 24 hours. Tether CEO Paolo Ardoino added that this growing atmosphere of concern is directly affecting the digital euro project.