Italian Banks Advocate for Gradual Implementation of Digital Euro

Italian banks are backing the digital euro initiative but emphasize a gradual approach to its implementation. The Italian Banking Association urges a phased rollout of costs associated with the project, citing the significant investment required for building necessary infrastructure. Marco Elio Rottigni, head of the association, highlighted the potential of the digital euro to bolster Europe’s digital presence while emphasizing that cost-sharing should be implemented gradually.