EU Needs A Permanent CBDC, Deutsche Börse CEO
EU Needs A Permanent CBDC, Deutsche Börse CEO
https://cointelegraph.com/news/deutsche-borse-ceo-digital-euro-eu-finance
The CEO of German securities marketplace Deutsche Börse, Stephan Leithner, is calling for financial reforms in the European Union, including establishing a permanent digital euro to strengthen the region’s financial autonomy.
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In a policy paper published on Feb. 15, Leithner outlined a 10-step strategy to transform the EU’s Capital Markets Union (CMU) into a Savings and Investments Union (SIU), with a central bank digital currency (CBDC) at its core.
Leithner sees the launch of a permanent CBDC as a key element of the EU’s digital agenda and as a crucial component of its financial strategy.
Using the digital euro as a strategic asset
Speaking about the EU’s policy framework and broader approach toward digital thought leadership, the Deutsche Börse CEO said that the European Central Bank (ECB) and national central banks must work together to ensure that the digital euro enriches the region’s capital markets ecosystem.
“The ECB’s joint approach with national central banks around a central bank digital currency will facilitate exploration of the most suitable solutions and truly enrich the EU’s capital markets ecosystem,” he said.
He also highlighted the need for technological developments around “cash on ledger” or “programmable payments” systems to ensure seamless interconnection between the EU’s permanent CBDC and existing payment systems and services.
Leithner said that a CBDC would improve efficiency in financial transactions and strengthen the EU’s economic autonomy.
Minimizing the influence of US dollar on Europe
Leithner added that combining various key regulatory frameworks in the EU, such as Markets in Crypto-Assets Regulation (MiCA), the AI Act and the Digital Operational Resilience Act (DORA), “would enable the euro to gain competitive edge at global level.”
While Leithner sees a permanent digital euro as a critical tool for enhancing the EU’s financial stability, competitiveness and innovation, the policy paper did not elaborate on the technical implementation or regulatory framework.
In January, banking giant Standard Chartered announced plans to establish a https://cointelegraph.com/news/standard-chartered-crypto-custody-luxembourg-license
and digital asset custody services.
Standard Chartered’s crypto offering in the EU will be limited to Bitcoin and Ether, with more assets coming later in 2025, the bank’s head of digital assets, Waqar Chaudry, told Cointelegraph.
https://cms.zerohedge.com/users/tyler-durden
Tue, 02/18/2025 - 03:30
https://www.zerohedge.com/crypto/eu-needs-permanent-cbdc-deutsche-borse-ceo
What about the euro? I thought that was to solve all problems forever
Obviously, blame Trump.
And, they had to cover for Buttigieg’s failings over the past four years.
When well trained, you do not want to be on the receiving end.
Fur missile is often a name given to them ( not just the Malinois ) and well deserved.
In case you saw some buzz about the new card, but didn’t want to jump at it, maybe look at Fold itself, see what it has to offer. I like the gift cards, daily BTC option, and the daily spin.
Plus, you get free sats just for looking into it !
Just tell them that they may be absolutely right. Shuts down their attack.
