ECB fields record response to consultation on digital euro
ECB fields record response to consultation on digital euro
The European Central Bank has received a record of over 8000 responses to its consultation on the creation of a digital euro, an electronic form of central bank money accessible to all citizens and firms.
Presentation: How would a digital euro impact the digital transformation of payments?
Ulrich Bindseil, ECB explains in more detail about the digital euro and Fiona van Echelpoel, ECB delivers closing remarks
The Future of Central Bank Digital Currencies (CBDC): Should the ECB issue a Digital Euro?
The Future of Central Bank Digital Currencies (CBDC): Should the ECB issue a Digital Euro?
About this Event
The publication of the first Libra white paper in June 2019 was a wake-up call for central banks around the world. Many of them started to intensify their efforts regarding the issuance of an own central bank digital currency (CBDC). According to a study conducted by the Bank for International Settlements (BIS), 80% of central banks worldwide are currently working on a CBDC. First projects have been launched, such as the Sand Dollar in the Bahamas. Others, such as China, are actively testing their CBDC called DC/EP. The European Central Bank (ECB) is also looking into the possibility of introducing a CBDC for the Euro Area, the digital euro. Therefore, a digital euro might become reality in a few years.
In this webinar, we focus on the digital euro project and address the following questions:
Do we need a digital Euro?
If yes, why? What are the use cases of a digital Euro?
Which role should the private sector play?
What could be a timeline for the ECB to issue a CBDC?
How advanced is the ECB in the development of a digital Euro? When should we expect to see a Euro-CBDC?
What are the consequences of delayed action by the ECB?
During the online panel you will also have the opportunity to ask direct questions to the panelists.
Panelists
Alexander Bechtel, Digital Euro Association (moderator)
Lena Grale, Frankfurt School Blockchain Center (moderator)
Prof. Dr. Peter Bofinger, University of Würzburg
Dr. Jürgen Schaaf, European Central Bank
Julien Le Goc, Diem Association
Miguel Ángel Fernández Ordóñez, former governor of the Bank of Spain
Location and Date
Location: Online. Details for the live broadcast will be sent to you on the day of the event (no prior software installation required)
Date: February 25, 2021
Time: 16h30–17h30 (CET)
Language: English
Agenda
16:30 – Welcome and introductory words (Prof. Dr. Philipp Sandner)
16:40 – Start of the panel discussion: The Future of Central Bank Digital Currencies (CBDC): Should the ECB issue a Digital Euro?
17:30 – End of online panel
Tickets and registration
Required via Eventbrite; you will receive the URL for the online panel in advance
Who should participate?
Employees and decision-makers from the financial sector interested in blockchain technology and advancements of the monetary system
Decision-makers and employees from the financial and capital market industry who are affected by the introduction of a digital Euro
Lawyers and consultants with a focus on capital market law and digitization
Decision-makers and employees from the financial and capital market industry who are affected by the regulation of the crypto market
Journalists from the economics and technology department
Other groups of people with an interest in capital markets, crypto assets, technology, and digitization
Employees of startups with digital business models
Contact
Digital Euro Association
E-Mail: [email protected]
Web: www.digital-euro-association.de
About the Digital Euro Association
The Digital Euro Association (DEA) is a think tank specializing in crypto assets, stablecoins, central bank digital currencies (CBDC), and other forms of digital money. Our mission is to contribute to the public and political discourse through research, education, and by providing a platform for discussion and a community for policy-makers, technologists, and economists. We are committed to independence and excellence, aiming to set the agenda and to shape policy by encouraging new ideas and forward-thinking in the field of digital money. We deal with new and innovative topics such as the digital, programmable Euro, and Libra, but also with “classical” crypto assets such as Bitcoin and Ether. More information on the Digital Euro Association can be found on our website, LinkedIn and Twitter.
The difference between the digital euro and crypto-assets
Will the digital euro be a crypto-asset issued by the ECB?
The answer is no.
Our colleague Georgina explains why people can trust the digital euro in the same way they trust cash.
To find out more, tap the �� below and read our explainer!
#digitaleuro #eurozone #singlecurrency #europeancentralbank #euro #europe #ecb
�� by ECB
https://www.ecb.europa.eu/paym/digital_euro/html/index.en.html
The ECB Podcast – A digital euro: what, why, when? (part 2)
Would people’s privacy be safe with a digital euro? What could a digital euro mean for Europe? And what’s next in the digital euro project?
Our host Katie Ranger continues her conversation with expert Evelien Witlox.
The views expressed are those of the speakers and not necessarily those of the European Central Bank.
Published on 19 October 2022 and recorded on 7 October 2022.
In this episode:
00:47 – Privacy and the use of data with a digital euro
How we will take people’s privacy concerns into account when we start to design a digital euro.
03:20 – European monetary sovereignty
Why it’s important to develop a European autonomy and sovereignty in payments and which other central banks are currently looking at developing a digital currency.
06:31 – Next steps in the digital euro project
How the investigation phase is going and when we would potentially issue a digital euro.
09:51 – Our guest’s hot tip
Our guest Evelien Witlox recommends a book about the world of payments: “The pay off – How changing the way we pay changes everything”, by Gottfried Leibbrandt and Natasha De Terán.
Additional material:
The ECB Podcast: A digital euro: what, why, when? (part 1), 15 October 2022
https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod221015_episode41.en.html
A digital euro
https://www.ecb.europa.eu/paym/digital_euro/html/index.en.html
Explainer: The digital euro and the importance of central bank money
https://www.ecb.europa.eu/ecb/educational/explainers/html/digital_euro_central_bank_money.en.html
Explainer: What is money?
https://www.ecb.europa.eu/ecb/educational/explainers/tell-me-more/html/what_is_money.en.html
The ECB Podcast: Is it time for a digital euro?, 6 November 2020
https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod201106_episode11.en.html
European Central Bank
https://www.ecb.europa.eu/home/html/index.en.html
