According to PANews, a senior official from the Italian Banking Association (ABI) has stated that Italian banks are in favor of the European Central Bank's (ECB) digital euro initiative. However, they hope that the necessary investments for the project can be spread out over time due to the high costs involved. The ECB has been working on developing a digital version of the single currency to enhance monetary sovereignty within the eurozone. Despite this, the legislative process has been slow, partly due to opposition from some French and German banks
source: https://www.binance.com/en/square/post/32131079495906?utm_source=BinanceNewsRSS