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  1. The European Parliament and ECB are seeking backing for a digital euro to reduce reliance on existing payment providers and mitigate risks from geopolitical factors like Trump's tariffs.

Portugal is leading the initiative for a central bank-backed digital euro, which aims to reduce reliance on US payment networks.

2 reports, 2 independent Updated Aug 19
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Some supportReported by 2 outlets

Portugal is leading the initiative for a central bank-backed digital euro, which aims to reduce reliance on US payment networks.

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