EC and ECB join forces to investigate digital euro
EC and ECB join forces to investigate digital euro
The European Commission and European Central Bank are working together to investigate the policy, legal and technical questions emerging from a possible introduction of a digital euro.
ECB Officially Starts to Investigate Digital Euro — Development Could Begin in 2 Years
The president of the European Central Bank (ECB), Christine Lagarde, talked about central bank digital currencies (CBDCs), particularly the digital euro, in an interview last week with Klaus Schwab, founder and executive chairman of the World Economic Forum.
Following the interview, Lagarde tweeted: “We at ECB believe that we should be ready and have the technology available to respond to people’s demands. That’s why we are launching a two-year investigation into a digital euro.”
The ECB’s website states:
We are now starting to investigate what a digital euro might look like. This investigation phase will start in October 2021 and last for about two years.
“We will look at how a digital euro could be designed and how it could be distributed to merchants and citizens, as well as the impact it would have on the market and the changes to European legislation that might be needed,” the European Central Bank detailed.
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ECB Officially Starts to Investigate Digital Euro — Development Could Begin in 2 Years
The European Central Bank (ECB) says it is starting to investigate a digital euro by launching a two-year investigation.
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The Digital Euro | European Cryptocurrency | CBDC | Digital Currency | ECB | Bitcoin | Cryptonews
The Digital Euro – A documentary produced by Plot11 Germany on the opportunities, risks and uncertainties that a digital currency brings. From central banks to private individuals to investment bankers, there are all kinds of different interests in implementing a digital currency in Europe. Privacy, fungibility or volatility play a central role for different stakeholders.
Digitalization is now noticeable in all areas of our lives and has already changed the way we pay. A digital euro would be a symbol of progress in Europe and European integration. It would be issued as money in electronic form by the Eurosystem of the ECB and the national central banks of the euro area and could be used by individuals and businesses alike.
It would not replace cash, but complement it.
Some of the subject matter experts on cryptocurrencies, the financial market, and digitization who have spoken in this documentary are:
Ravi Menon (head of Central Bank Singapore)
Martin Chavez (former CFO of Goldman Sachs).
Brian Brooks (chairman monetary auditor of the U.S.)
Christine Madeleine Lagarde (ECB chief)
The opinion of German companies on the introduction of a digital currency is quite clear. 78 percent,- that is, three quarters of all companies with 50 or more employees, are in favor of the introduction of a digital euro. Only one in five companies, 20 percent, consider these plans to be unsuccessful. That is the result of a recent survey of 652 companies in all sectors in Germany from 2021. Above all, the possibility that other private digital currencies might otherwise come into use, which could undermine European values, speaks from the point of view of the companies, for a digital euro.
Produced by: Plot11 Germany
Production Year: 2021
Country: Germany
Language: English
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COPYRIGHT: All of the films published by us are legally licensed. We have acquired the rights (at least for specific territories) from the copyright holders by contract. If you have questions please send an email to: [email protected], Amogo Networx – The AVOD Channel Network, www.amogo-networx.com.
‘The Digital Euro: Disruptive Technology or Digital Dystopia?’
A panel discussion where we will explore the opportunities and potential pitfalls of implementing the digital euro. While the investigation phase is still ongoing, the realisation phase may begin as early as September 2023. Are we ready?
Panellists:
· Host: MEP Michiel Hoogeveen
· Evelien Witlox, Programme Manager of the digital euro, ECB
· Lex Hoogduin, Former Director of the DNB / Professor at Groningen University
· Wim Boonstra, Special Advisor and Economist at RaboResearch Global Economics & Markets
