The project to introduce the digital Euro, as outlined in the Single Currency Package (SCP), aims to create an autonomous, secure, and efficient payment system all over EU. This initiative addresses technological and strategic needs that have become even more pressing following the geopolitical crisis triggered by the Russia-Ukraine conflict.
On the other hand, the adoption of a digital currency would expose Europe’s financial infrastructure to significant cyber risks, which must be carefully considered and mitigated through the implementation of adequate and effective security measures.
In an article published on Milano Finanza, Prof. Carlo Altomonte, Associate Dean & Pnrr Lab Director at SDA Bocconi, and Andrea Puccio delve into this intriguing topic, analyzing its various aspects.
The full article is available here.