It is precisely this vulnerability that the European Union hopes to address with the digital euro, a currency issued directly by the European Central Bank and designed to operate beyond the reach of US sanctions.
But the project is divisive. Private banks fear losing customer deposits – and the fees that come with them – to a public alternative. And with nearly one in ten Europeans already holding cryptocurrencies outside state control, the question remains: will the digital euro be enough to win trust and restore Europe’s financial sovereignty?
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