0 sats \ 0 replies \ @om 19 May 2023 \ on: The digital euro: a solution seeking a problem? bitcoin
“We need a risk-free asset and the only one that exists is central bank currency,” Fabio Panetta, Panetta believes that by setting a limit on holdings at about €3,000, the ECB can get the balance right.
Translation: have you heard that your bank account is insured up to 100 000, risk-free? Well, that was bullshit. The insurance fund must be already bankrupt since they will only allow you to have 3000 risk-free... as long as you don't say anything they don't like of course.
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