MILAN, Jan 21 (Reuters) – Commercial bank money is bound to become fully tokenised in the future, like central bank money, and the two types of currency will continue to anchor the monetary system, a top European Central Bank policymaker said on Wednesday.
Addressing the Italian banking association, Bank of Italy Governor Fabio Panetta said it was hard to predict how stablecoins will develop, but their role in the monetary system can only be complementary because their stability can only be guaranteed by a traditional type of currency as a peg.
(Reporting by Valentina Za and Antonella Cinelli; editing by Cristina Carlevaro)
