The European Central Bank’s digital euro effort is reportedly facing pushback from banks and lawmakers. The central bank hopes to roll out the digital currency by 2029, with a hearing scheduled for Wednesday (Nov. 5) on the project. But as the Financial Times (FT) reported, a group of 14 banks issued a statement ahead of that hearing warning that a digital euro could subvert private-sector payment systems. These banks last year launched Wero, a digital wallet designed to function as a rival...
