Central Bank Digital Currency

Mandatory Cashless Payment Would Be an Absurd Burden on the Economy

The Austrian National Bank's recent push for a mandatory digital euro, leveraging the introduction of the digital currency as a catalyst, has drawn sharp criticism. The article argues that this demand lacks justification and would impose an unreasonable burden on the economy, particularly in Austria, a nation with a deeply ingrained cultural affinity for cash transactions. Der Standard, as a publi…