German banking industry
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Federal Association of German Community Banks: Digital Euro is dangerous for small banks
It is reported that a survey by the Federal Association of German Community Banks (BVR) found that the introduction of digital euro may have devastating consequences for the German banking industry. According to the survey, if each person converted 3000 euros into CBDC, only 56 of 714 institutions could meet the liquidity buffer required by law. This means that banks will have to find alternative and more expensive sources of funds. Interpretation of this information: The introduction of digital euro may have terrible consequences for the German banking industry, according…
