Comment on European banks to launch euro stablecoin in bid to counter US dominance

• Marvie@lemmy.world ⁨20⁩ ⁨hours⁩ ago

  For real, isn’t this allowing them to have much more control over what you have in the bank? Preventing bank runs as they call it(aka blocking withdrawals)

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• ExcessShiv@lemmy.dbzer0.com ⁨1⁩ ⁨day⁩ ago

  There will be the exact same level of surveillance, it’s still just run by banks so there’s no difference there.

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  • Schlemmy@lemmy.ml ⁨1⁩ ⁨day⁩ ago

    Not really. I was scammed for a few hundreds of euro’s last year. I knew the company, I knew the account but the bank was incapable of reacting because of ‘reasons’. They know where the money went but they can’t follow where it got transferred to. So they can only follow one transaction and after that it’s gone. (Except when you get a court order)

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