Joachim Nagel, president of the Bundesbank and member of the European Central Bank (ECB), emphasizes the need for central banks to revise their business model and adopt central bank digital currencies (CBDCs) in order to address uncertainty and changing dynamics in the financial sector. Nagel and other experts, including French ECB member Francois Villeroy de Galhau, discuss the importance of integrating distributed ledger technology and using digital currencies for wholesale and retail transactions to ensure the stability and relevance of central bank money in the 21st century.
Keyword: Central banks, business model, CBDCs, digital currencies, DLT, European Central Bank, wholesale transactions, retail transactions, stability anchor, Bundesbank, emerging technologies, euro, design, technical details
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Last edited on: May 7, 2024 at 06:41 pm