He highlighted the bloc’s efforts with CBDCs, noting that “Currently, the Eurosystem is working hard on the introduction of the digital euro – a retail central bank digital currency, or CBDC.
TL;DR A Financial Times report says ECBPresidentChristine Lagarde is weighing leaving before October 2027; the ECB says she has made no decision ... An early succession question is suddenly intersecting with a policy project that needs continuity ... ....
Afterwards, they outlined the importance of a central bank digital currency (CBDC) for the industry, arguing that it enhances the resilience of the financial system and improves the effectiveness of monetary policy across the euro area.
Joachim Nagel said a wholesale CBDC enables programmable payments in central bank money and can integrate DLT with existing infrastructure ... Bundesbank President Joachim Nagel has endorsed a euro-linked CBDC alongside regulated euro stablecoins.
Joachim Nagel said euro-pegged stablecoins would offer the bloc more independence from US dollar-pegged coins soon to be allowed under the GENIUS Act ... .
... safeguards for small and marginal farmers.Under the draft directions, KCC credit can be delivered through CBDC with programmability features that allow funds to be used only for specified purposes.
He stated that BRICS nations collectively require a central bank digital currency (CBDC) for trade ... He agreed with prevailing analyses that individuals, businesses, and especially Russian banks show limited demand for a CBDC in the local economy.
These experiments will inform the bank on how these types of digital assets could enable faster cross-border payments and, perhaps, inform the creation of a central bank digital currency (CBDC).