MILAN, Oct 29 (Reuters) – Central banks must remain on top of developments in the finance and payments industries and play an active role in order to protect the monetary systems that underpin all modern economies, a top European Central Bank said.
In a speech delivered in Florence where the ECB’s governing council on Wednesday started its two-day monthly policy meeting, Bank of Italy Governor Fabio Panetta said the latest innovation in currencies may jeopardise public trust in money.
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KEY QUOTES
ECB must have active role in payments’ evolution to protect public trust in money
