The impact a digital euro would have on banks and the financial system - a discussion with the ECB

Central bank digital currencies (CBDCs) could usher in a revolution in the financial system creating openings for exciting new innovations. However, depending on their design, CBDCs could be disruptive, particularly for deposit taking banks. The European Central Bank is currently studying designs for a potential digital euro. This has ignited a lively debate within policy making and banking circles. In this podcast, Ulrich Bindseil, director general of market infrastructure and payments at the ECB, gives his take on some of the big issues surrounding a digital euro.  Topics covered include: Status of the ECB’s workFinancial stability considerationsGeopolitical role of the digital EuroDesign considerations Privacy Legal tender questions Alternatives to a digital euro Programmability  Hosted on Acast. See acast.com/privacy for more information.