this post was submitted on 20 Sep 2025
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The digital euro has enraged half of Brussels. Hereโ€™s what you need to know. (www.politico.eu)
submitted 2 weeks ago by Sunshine@piefed.ca to c/buyeuropean@feddit.uk
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[โ€“] thericofactor@sh.itjust.works 124 points 2 weeks ago (22 children)

a proposed electronic version of the physical euro that has banks and right-leaning politicians fuming.

That should tell you enough about why we need it.

TL;DR the digital euro isn't stored in a bank, but in a digital ledger, making it impossible for banks to use it as they wish for investments, mortgages or trading.

Never again do banks need to be saved by governments from their own bad and risky investment decisions because they are "too big to fail".

[โ€“] john_t@piefed.ee 50 points 2 weeks ago (1 children)

From what I've read in other news, the digital euro wallet will have a hard limit on the amount you can store in it, something like 1000 euros for example. Also, it needs to be linked to a physical euro bank account. Those features combined prevent fraud and speculation. It's mostly to be used as an online payment method to circumvent the Visa/Mastercard american payment duopoly.

[โ€“] Amberskin@europe.pub 12 points 2 weeks ago

I can confirm European banks are actively participating in the definition and implementation of the โ€˜digital euroโ€™. So the โ€˜banks are fumingโ€™ thing is bullshit.

Crypto-scam โ€˜companiesโ€™, on the other handโ€ฆ

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