And about the fight for control of this involving the US, Europe, central banks, commercial banks and private players. The advent of crypto has led to fears among central banks and financial regulators, but at least it has been largely separate from the mainstream. [ EU speeds up plans for digital euro after US stablecoin lawOpens in new window ]The digital euroFor years the digital euro programme pioneered by the ECB has failed to generate much public enthusiasm. Despite this, European Parliament support for the digital euro project in a key vote this year is not guaranteed. In Europe, the commercial banks worry about the digital euro attracting funds, leading to limits on the amount individuals can hold.

Source: The Irish Times February 05, 2026 16:09 UTC