ECB says ‘big tech and stablecoins’ a risk to the European Financial System

Big tech and stablecoins could disrupt the European financial system, says ECB Executive Board Member, Fabio Panetta. In a speech at the “Future of Payments in Europe” conference, Panetta stated, “While they could offer convenient and efficient payment solutions, they risk endangering competition, privacy, financial stability and even monetary sovereignty.” He also went on to […] The post ECB says ‘big tech and stablecoins’ a risk to the European Financial System appeared first on AMBCrypto.

ECB says ‘big tech and stablecoins’ a risk to the European Financial System

Big tech and stablecoins could disrupt the European financial system, says ECB Executive Board Member, Fabio Panetta. In a speech at the “Future of Payments in Europe” conference, Panetta stated, “While they could offer convenient and efficient payment solutions, they risk endangering competition, privacy, financial stability and even monetary sovereignty.” He also went on to […]

The post ECB says ‘big tech and stablecoins’ a risk to the European Financial System appeared first on AMBCrypto.