Tuesday, April 25, 2023

ECB says it can compensate banks if digital euro causes deposit flight

Ahead of the ECB's decision about developing a digital euro in October, European banking lobbies have warned that a central bank-backed currency could take deposits and business away from commercial lenders.

from Tech-Economic Times https://ift.tt/AzIYDbo
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OpenAI Foundation outlines $1 billion push, expands leadership team

OpenAI has committed at least $1 billion over the next year as part of recapitalisation efforts for its Foundation. The investment is aimed ...