Panetta Calls for Tokenization of Bank Money to Compete with Stablecoins

TLDR Fabio Panetta, Governor of the Bank of Italy, urges commercial banks to adopt tokenized money to stay competitive in the digital age. Panetta emphasizes that traditional bank money will remain essential but must be converted into digital tokens for future relevance. He highlights the growing influence of stablecoins, driven by strong support from the [...]

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