Is It Too Late for the Digital Euro?
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The digital euro faces skepticism despite its intent to complement rather than replace cash. Privacy concerns and competition from stablecoins loom as potential barriers to adoption. A fully functional version may not materialize before 2027—or even 2030.
At the UN:BLOCK conference in Riga, industry leaders debated the digital euro’s future. Discussions centered on its purpose, risks to traditional banking, and the regulatory framework required for success. Latvia emerged as a potential pioneer, with its proactive stance on digital assets positioning it as a budding Web3 hub in Europe.
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