Italian Banks Back Digital Euro, Seek Cost-Effective Implementation

Italy’s banking industry is voicing support for the European Central Bank’s (ECB) digital euro initiative, according to statements made by the ABI, which represents Italian banks. While they see value in the project’s potential, concerns about high implementation costs are prompting them to advocate for a gradual cost distribution model over several years. This strategy aims to ease financial burdens associated with this innovation as well as mitigate risks to their overall financial stability.