The publication of the first Libra white paper in June 2019 was a wake-up call for central banks around the world. Many of them started to intensify their efforts regarding the issuance of an own central bank digital currency (CBDC). According to a study conducted by the Bank for International Settlements (BIS), 80% of central banks worldwide are currently working on a CBDC. First projects have been launched, such as the Sand Dollar in the Bahamas. Others, such as China, are actively testing their CBDC called DC/EP. The European Central Bank (ECB) is also looking into the possibility of introducing a CBDC for the Euro Area, the digital euro. Therefore, a digital euro might become reality in a few years.
In this webinar, we focus on the digital euro project and address the following questions:
- Do we need a digital Euro?
- If yes, why? What are the use cases of a digital Euro?
- Which role should the private sector play?
- What could be a timeline for the ECB to issue a CBDC?
- How advanced is the ECB in the development of a digital Euro? When should we expect to see a Euro-CBDC?
- What are the consequences of delayed action by the ECB?
During the online panel you will also have the opportunity to ask direct questions to the Panelists.
- Alexander Bechtel, Digital Euro Association
- Lena Grale, Digital Euro Association
- Prof. Dr. Peter Bofinger, University of Würzburg
- Dr. Jürgen Schaaf, European Central Bank
- Julien Le Goc, Diem Association
- Miguel Ángel Fernández Ordóñez, former governor of the Bank of Spain
Click here to watch the Panel discussion