imported>Doug Williamson |
imported>Doug Williamson |
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| ''Central bank digital currencies (CBDCs) - Eurozone - European Central Bank''
| | A digital payment is a payment made electronically. |
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| A digital euro is the idea of a possible central bank digital currency issued by the European Central Bank (ECB). | |
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| :<span style="color:#4B0082">'''''Digital euro should complement cash - not replace it'''''</span>
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| :"The Eurogroup... emphasised that the introduction of a digital euro, as well as its main features and design choices, require political decisions that should be discussed and taken at the political level.
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| :Amongst other things, the statement also called for the environmental implications of the digital euro design to be considered and stressed that a digital euro should complement and not replace cash, and ensure a high level of privacy."
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| :''ACT blog - Naresh Aggarwal - Central Bank Digital Currencies (CBDCs) and other digital currencies – March 2023.''
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| :<span style="color:#4B0082">'''''CBDC should anchor monetary stability & complement private sector activities'''''</span>
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| :"In a recent presentation by Fabio Panetta (member of the Executive Board of the ECB), at the Annual Congress of the European Economic Association, he noted:
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| :o Digital public money is the monetary anchor in a digital world.
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| :o The importance of safeguarding monetary sovereignty.
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| :o The need to enhance competition and efficiency in payments.
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| :But also the importance that a CBDC was not too successful if it crowds out private sector activity."
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| :''ACT blog - Naresh Aggarwal - Central Bank Digital Currencies (CBDCs) and other digital currencies – September 2022.''
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| :<span style="color:#4B0082">'''''No decision yet on euro CBDC'''''</span>
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| :"In a recent speech the President of the ECB said that the central bank is launching a two-year investigation into a digital euro as more consumers switch from banknotes and cash.
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| :The actual release of the ECB-backed cryptocurrency in the bloc’s 19 members could take another two years on top of the technology design and investigation stage (itself expected to take a couple of years).
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| :In theory, if all goes to plan, the central bank could launch a digital currency by 2025 if European regulators give the project the green light.
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| :She noted that the project would complement the existing banking system rather than trying to ‘jeopardise’ it adding that experiments to consider the merits of minting a ‘digital euro’ were going through a complex decision-making process.
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| :The bank has not yet decided to issue a CBDC. "
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| :''Association of Corporate Treasurers - Update on the Payments landscape - September 2021.''
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| == See also == | | == See also == |
| * [[Britcoin]] | | * [[Emerging Payments Association]] |
| * [[Cash]] | | * [[Interchange]] |
| * [[Central bank]] | | * [[Pay]] |
| * [[Central bank digital currency]] | | * [[Payment]] |
| * [[Cryptocurrency]] | | * [[PSOR]] |
| * [[Currency]] | | * [[Receipt]] |
| * [[Digital currency]] | | * [[Remittance]] |
| * [[Distributed ledger]]
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| * [[e-krona]]
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| * [[e-money]]
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| * [[Environmental concerns]]
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| * [[Eurogroup]]
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| * [[European Central Bank]] (ECB)
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| * [[European System of Central Banks]]
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| * [[Fiat currency]]
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| * [[Gold standard]]
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| * [[Libra]]
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| * [[Mint]]
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| * [[Monetary]]
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| * [[Money]]
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| * [[Multi-CBDC arrangement]]
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| * [[Retail central bank digital currency]]
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| * [[Sand Dollar]]
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| * [[Stablecoin]]
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| * [[Wholesale central bank digital currency]] (wCBDC)
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| ==Other resources==
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| *[https://www.consilium.europa.eu/en/press/press-releases/2023/01/16/eurogroup-statement-on-the-digital-euro-project-16-january-2023/ Eurogroup statement on the digital euro project - January 2023]
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| *[https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220823~26022f4481.en.pdf Policy panel on central bank digital currencies - Fabio Panetta - European Central Bank - August 2022]
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| [[Category:Accounting,_tax_and_regulation]]
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| [[Category:The_business_context]] | | [[Category:The_business_context]] |
| [[Category:Identify_and_assess_risks]] | | [[Category:Cash_management]] |
| [[Category:Manage_risks]]
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| [[Category:Risk_frameworks]]
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| [[Category:Risk_reporting]]
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| [[Category:Financial_products_and_markets]] | | [[Category:Financial_products_and_markets]] |
| [[Category:Technology]] | | [[Category:Liquidity_management]] |
