How the EU’s Digital Euro Plan Could Hand Power to the US

Fourteen of Europe’s leading banks are pushing back against the European Central Bank’s plan for a digital euro. They argue the project could weaken private payment systems ahead of crucial parliamentary discussions in Brussels this week.   Lawmakers are now calling for a scaling back of the initiative, arguing that it lacks clear benefits and risks duplicating market-led innovation. Meanwhile, the EU’s crypto regulation framework may unintentionally advantage US issuers source: https://beincrypto.com/how-the-eus-digital-euro-plan-could-hand-power-to-the-us/