· Emmanuel Moulin Wiki · Banque de France WikiFrom innovation to monetary sovereignty - striking the right note
Read full speech on bis.org ↗ContextSpeech by the Governor of the Banque de France at VivaTech in Paris, Europe's large technology and start-up fair.
Why it mattersSets out how central bank money should anchor stablecoins and tokenised assets.
Problems raised
- Stablecoins and tokenised assets are reshaping money.
- Payment infrastructures raise sovereignty issues in a fragmented world.
- New forms of money carry run and stability risks.
Solutions proposed
- Keep central bank money as the anchor of trust.
- Extend the euro into the digital world, including the digital euro.
- Build a well-tailored regulatory framework for new money.