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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What happened
Portugal is leading the initiative for a central bank-backed digital euro, which aims to reduce reliance on US payment networks.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Portugal
country in Southwestern Europe
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European Central Bank
central bank of the European Union and the eurozone
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European Parliament
parliament of the European Union directly elected by the citizens of the Union
Related events
- The IMF is monitoring risks from stablecoin growth, while the ECB has been laying the technical groundwork for the digital euro, amidst broader discussions on CBDCs.
- Client locations for cross-border financial planning are being established in Portugal.
- Financial institutions are vying to finance European AI debt while the ECB warns about reliance on US technology and advises on infrastructure.
- Banco Comercial Português operates as the largest private sector bank in Portugal.