EU's Digital Euro and Crypto Rules Spark Concerns Over Innovation and US Economic Power Shift
EU's Digital Euro and Crypto Rules Spark Concerns Over Innovation and US Economic Power Shift
Published on
Europe's aspirations for a digital euro and its stringent crypto regulations are facing considerable criticism from financial institutions and legislators. Concerns are mounting that these policies could stifle innovation within the EU and inadvertently enhance the economic influence of the United States.
Europe’s digital money ambitions are facing backlash from banks and lawmakers, who fear the ECB’s digital euro and strict crypto rules could weaken innovation and inadvertently hand economic power to the US.