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Digital euro - vision, advances and challenges

· Joachim Nagel, President of the Deutsche Bundesbank (Germany)

Summary written by Dark Majestic in its own words · topics: payments, digital money and crypto-assets, development and emerging economies, growth, investment and productivity, technology, ai and cyber risk

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· Joachim Nagel Wiki · Deutsche Bundesbank WikiDigital euro - vision, advances and challenges

ContextIntroductory remarks by Joachim Nagel, President of the Deutsche Bundesbank, at the fireside chat with Massachusetts Institute of Technology students, Cambridge, Massachusetts, 16 April 2024.

Why it mattersNagel argues that a digital euro would protect privacy better than private payment apps.

Problems raised
  1. Private payments give firms access to consumer data.
  2. Infrastructure innovation is slow.
  3. Coordination is needed.
Solutions proposed
  1. Develop the digital euro to protect privacy.
  2. Coordinate infrastructure innovation.
  3. Engage with students and technologists.
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