German Central Bank President Calls for Introduction of CBDCs To Protect European Sovereignty

by Mark Emem | The Daily Hodl

The president of Germany’s monetary authority is advocating for a central bank digital currency (CBDC).

In a question-and-answer session with economists at the Official Monetary and Financial Institutions Forum (OMFIF) think tank, the president of the Deutsche Bundesbank, Joachim Nagel, says he supports a CBDC.

The OMFIF cites Nagel saying that “CBDCs will play a role in the future resilience” of Europe and will assist in protecting the sovereignty of the Eurozone. Nagel says CBDCs are a public good that central banks should offer. Read Full Article >