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BOA Analysts Warn Digital Euro's Large-Scale Adoption To Be A "Clear Negative" For The European Banking Industry
Summary: According to Coindesk, analysts at The Bank of America stated in a report that the large-scale adoption of the digital euro may be a “clear negative” for the European banking industry. The report pointed out that the digital euro with transaction capabilities will prove to be a convenient alternative to bank accounts. Under the current ...
According to Coindesk, analysts at The Bank of America stated in a report that the large-scale adoption of the digital euro may be a “clear negative” for the European banking industry. The report pointed out that the digital euro with transaction capabilities will prove to be a convenient alternative to bank accounts. Under the current financial system, European banks are already facing considerable deposit requirements. Therefore, if the digital euro is widely adopted, it will further increase the pressure on bank deposits.
By Mary Liu
Tags: Bank,Bank of America,Digital Euro,European
Link: BOA Analysts Warn Digital Euro's Large-Scale Adoption To Be A "Clear Negative" For The European Banking Industry [Copy]
