Bank of Spain chief: digital euro limits could be revisited if deposits flee
- —Digital euro limits would be revisited in the event of significant outflows from bank deposits
- —The digital euro will replace cash, not bank deposits, Escriva said
- —Pontes project: first tests in TARGET in 2027, possible issuance in 2029
- —Timeline for the Appia project has not yet been determined
Why it matters: The digital euro could reshape the structure of bank deposits in the EU and intensify competition with private crypto assets.
Source: BitcoinBázis