Italian Banks Back Digital Euro but Seek Gradual Cost Distribution

Italy’s banking sector is fully behind the European Central Bank (ECB)’s digital euro initiative, seeing it as a symbol of digital sovereignty and a critical step for Europe to keep pace with global financial innovation. However, Italian banks, represented by the ABI, are calling for phased costs associated with implementing the project to be gradually addressed. Marco Elio Rottigni, General Manager of ABI, stressed the importance of the project’s strategic role in maintaining Europe’s digital leadership. ]