Digital euro may have transaction limits and store-of-value caps

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Digital euro may have transaction limits and store-of-value caps
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The ECB's Fabio Panetta suggested €3,000 as an example store-of-value limit and 1,000 transactions as a monthly limit.

The European Union’s potential central bank digital currency may have low transaction and storage thresholds for individual users.The European Union’s central bank digital currency may have transaction and store-of-value limits for individuals, Fabio Panetta, an executive board member of the European Central Bank , suggested at the"Towards a legislative framework enabling a digital euro" conference hosted by the European Commission.

This would be a threat to financial stability in times of crisis, he added — which is why the ECB is looking to introduce transaction limits for the potential CBDC.

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