The European Central Bank is pressing for the digital euro to counter Trump’s support for stable currencies: Report
The Central Bank of the European Union is said to be pressure for the digital euro to counter US President Donald Trump’s embrace of the currencies of the private sector related to dollars.
Piero Sebolone, a member of the Board of Directors of the European Central Bank, said at a conference on Friday that the new executive issued by Trump on cryptocurrencies may push people away from banks, Reuters said. Reports.
I think the basic word here (in Trump’s executive) is a universal word. As you know all, this solution increases the lack of mediation of banks because they lose the fees and lose customers … and for this reason we need digital euro.
Earlier this week, President Donald Trump signed an executive order to assess the construction of a strategic national stock of Bitcoin (BTC) and encrypted currencies.
The matter also calls on the government to “enhance the development and growth of the legal and legitimate currencies related to the dollar, which has been created in the private sector.”
The federal agencies also require any procedures related to the development of a digital -backed digital version of the dollar, known as the Central Bank’s digital currency (CBDC).
The new leadership of the US Securities and Stock Exchange (SEC) also canceled the employee accounting bulletin No. 121, a controversial base that forced banks to determine the encrypted assets held on behalf of their customers as obligations on their public budgets.
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Responsibility: The opinions mentioned in The Daily Hodl are not an investment advice. Investors should do due care before doing any high -risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transformations and trading are at your own responsibility, and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and The Daily Hodl is not an investment consultant. Please note that The Daily Hodl is involved in commission marketing.
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