German Banks Make a Pitch for Government-backed Crypto-based Digital Euro

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The Association of German Banks “Bankenverband,” released a position paper titled, “German banks say: The economy needs a programmable digital euro!” on October 30, 2019, which calls for the creation of a government-approved digital euro and rejection of decentralized cryptocurrencies. The Association has made eleven observations about what must be done to ensure the banking …

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