According to Cointelegraph, an executive board member of the European Central Bank warned that without a digital euro, the EU’s monetary system risks fragmentation. The policymaker clarified that a potential digital euro would not replace or take over banking functions; instead, it would ensure banks continue to play a role within the broader EU monetary framework.
The statement emphasizes the need for structural coherence in how money circulates and is managed across member states. By maintaining banks’ involvement alongside a digital currency option, the ECB seeks to preserve existing financial infrastructure while exploring new tools for payment efficiency and inclusion. The comment reflects ongoing policy discussions around central bank digital currencies within the EU context.
