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Draghi Says ECB Studying Digital Currency Risks for Banks

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Draghi Says ECB Can't 'Declare Victory' in Battle to Raise Inflation
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Mario Draghi said the European Central Bank’s supervision arm is studying the risks that digital currencies may pose to banks’ balance sheets.

“Right now digital currencies are not subject to a specific supervisory approach,” the ECB president said responding to lawmakers’ questions at the European Parliament on Monday. “Work is underway in the SSM to identify potential prudential risks that these digital assets could pose to supervised institutions.”