Digital Money and Gold: Bundesbank Pushes for Digital Euro and Defends Gold Reserves Abroad

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The Bundesbank has defended the project of the digital euro against ongoing criticism and expects an early introduction. "Political ... The post "Zwilling des Cashes": Bundesbank CEO urges the early introduction of the digital euros appeared first on Apollo News.

Welt

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According to the Bundesbank Executive Board member Burkhard Balz, the policy could decide on the introduction of the digital euro this year. The Bundesbank holds on to the storage of German gold reserves in New York and London. "There is no doubt about security."

berliner-sonntagsblatt.de

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The Bundesbank has defended the digital euro against criticism and indicated a political decision is imminent. "Politically, I expect a decision this year," Bundesbank board member Burkhard Balz told Welt am Sonntag. The project has priority, he said, also because Europe is heavily dependent on US providers for payment transactions. "Around two-thirds of all transactions are processed through US providers," Balz stated. The digital euro is inte…