The digital euro: Europe’s bid for monetary sovereignty | EUROtoday

It is exactly this vulnerability that the European Union hopes to deal with with the digital euro, a forex issued immediately by the European Central Bank and designed to function past the attain of US sanctions.

But the venture is divisive. Private banks worry dropping buyer deposits – and the charges that include them – to a public different. And with practically one in ten Europeans already holding cryptocurrencies exterior state management, the query stays: will the digital euro be sufficient to win belief and restore Europe’s monetary sovereignty?