What are the potential benefits and/or drawbacks of a digital euro? What are the design options for this tool? These are the questions we will answer in our next policy roundtable, in cooperation with the Veblen Institute.
The digital euro is a payment and transaction system that would have the same properties as cash, but simply in digital form. Positive Money has been advocating this idea for years. Now the project of a digital central bank currency is making progress, and the world’s major central banks are investigating its introduction, including the European Central Bank. The timing is therefore optimal for a broader policy discussion with high-level experts from both civil society organisations and EU institutions:
- Evelien Witlox, Program Director Digital Euro, European Central Bank
- Jan Ceyssens, Head of Unit Digital Finance, DG FISMA, European Commission
- Paul Tang, Member of the European Parliament
- Anna Martin, Financial Services Officer, BEUC
- Tristan Dissaux, Researcher at Université Libre de Bruxelles (ULB) and Coordinator of the Digital Euro Watch at the Veblen Institute
Introduction: Wojtek Kalinowski, Co-Director of the Veblen Institute
Moderator: Vicky Van Eyck, Executive Director of Positive Money Europe
Our director will moderate this discussion on the crucial aspects of the debate on a digital euro: from privacy and accessibility to the security and resilience that this tool could bring to the current payment system. The roundtable will close with a 30-minute Q&A session, where the panel will answer all your questions on digital currencies. Join us online on 4 May, from 2–4pm CEST.
Could you also clarify the nature of the CBCD launched by the Digital Currency Monetary Authority (DCMA) ? And what exactly is the DCMA? Thank you very much in advance !
Why the Gov/Central Banks not laying out the pros and cons of CBDC’s in a clear and concise manner so that the public can respond, so far this is not been the case.
The ECB for example, earlier this year held an online Public Discussion for 3 months and received just over 8,000 responses, obviously not many of the 750 million inhabitants of Europe had even heard of a Digital Euro not alone how to respond to an online discussion.
Something that will have such a huge impact on peoples privacy should be out there in the open and discussed via mainstream media not hidden behind some sort of perception of being a benefit for humanity.
Although it is being stated here that cash will exist alongside a Didital Euro, it’s blatantly obvious that when mass adoption happens, cash will cease to exist.
Don’t be naive to think that a technology that has the potential to control what, where and when citizens can spend their money, wouldn’t be used in this manner.