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Introducing a digital euro - the cross-border dimension

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

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

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· Joachim Nagel Wiki · Deutsche Bundesbank WikiIntroducing a digital euro - the cross-border dimension

ContextSpeech at the Reserve Bank of India's 90th anniversary conference in New Delhi; the Bundesbank is Germany's central bank within the euro system and prepares a possible digital euro.

Why it mattersThe Bundesbank president addresses how a digital euro would interact with other currencies across borders.

Problems raised
  1. Private European payment solutions may not meet needs.
  2. Cross-border use of CBDCs needs planning.
  3. Interoperability is unclear.
Solutions proposed
  1. Introduce the digital euro.
  2. Plan cross-border interaction early.
  3. Cooperate among central banks.
Read full speech on bis.org ↗

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