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European banks are scared of the digital euro. Here's how their secret lobbying could torpedo it

www.ftm.eu European banks are scared of the digital euro. Here's how their secret lobbying could torpedo it

The launch of the digital euro could give every European a free, universal payment account. But this grand vision is at risk of being curtailed by a well-coordinated lobbying campaign of the banking industry. Banks want to make sure you will keep needing them – and they have EU officials’ ears.

European banks are scared of the digital euro. Here's how their secret lobbying could torpedo it

The launch of the digital euro could give every European a free, universal payment account. But this grand vision is at risk of being curtailed by a well-coordinated lobbying campaign of the banking industry. Banks want to make sure you will keep needing them – and they have EU officials’ ears.

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