Digital euro to cost EU banks 4-6 billion euros over 4 years, ECB estimates

By Valentina Za MILAN, Feb 19 (Reuters) - Introducing the digital euro could cost European banks between 4 billion and 6 billion euros ($4.7-$7.1 billion) spread over four ‌years, a senior European Central Bank policymaker said on Thursday. ECB Governing Council member ‌Piero Cipollone also said the new digital‑only central bank currency which the ECB is working on is estimated ​to cost around 1.3 billion euros to set up. Operational costs would then be about 300 million euros, he added, without speci ...