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Euro safe asset status up for grabs in emerging ‘multi-moneyverse’
To the wry amusement of current and former officials, the European Parliament on 10 February roundly endorsed the digital euro in a vote that saw opponents of the project thwart their own blocking efforts. As geopolitical pressures undermine liberal-conservative resistance to Europe’s bolder remedies in ‘market failure’, officials are contemplating the opportunities for strategic autonomy that the tokenisation revolution presents. The resulting – distinctly European – combination of public and private-sector initiatives, if enacted, might enable Europe to dominate wholesale tokenised finance sooner than the ... (full story)
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