German Parliament takes interest in CBDC topic

(Eng)2020/8/25 Digital Asset Infrastructure & CBDC(Hall A)

German Cabinet of Ministers and German Federal Bank Provide Official Clarifications to Parliament on Central Bank Digital Currency (CBDC) Issues.

In a recently published document, the Cabinet of Ministers relies on a report from the Bank for International Settlements, according to which 70% of central banks in the world are studying the topic of CBDC, but only two have concrete plans to launch it..

Representatives of the department note that Sweden is the only country in the EU that is currently working on the issue of emissions, but has not yet made a final decision. In addition, Uruguay also has concrete plans, but the pilot projects have not clarified further prospects for the full-scale implementation of the project..

German Parliament takes interest in CBDC topic

The Cabinet also clarified the situation with the Chinese central bank, which has been conducting research in this direction since 2014, but still has not formulated a clear position on this issue. In addition, officials mentioned Petro, a Venezuelan cryptocurrency backed by oil, the transactions of which are unknown..

Recall that in July, Agustin Carstens, head of the Bank for International Settlements, said that the organization would provide support to central banks that research or develop national digital currencies..

text: Ivan Malichenko, photo: 1reg

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