ECB highlights need for EU tokenized deposit regulation to avoid fragmentation
During a hearing of the European Parliament’s ECON committee yesterday, ECB Executive Board member Piero Cipollone made a forceful case for public sector involvement in wholesale tokenized finance, calling it “extremely important” and warni
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At the European Parliament hearing, Cipollone warned that without a wholesale central-bank-money settlement asset on DLT, tokenized markets would either stall or migrate to private stablecoins, fragmenting European liquidity.
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