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 US. It ... (full story)