Free Trial

MNI BRIEF: Euro CBDC Instability, 'Colonisation' Defence Tool

(MNI) Frankfurt

The introduction of a digital euro would protect the stability, efficiency and transparency of the financial system, while asserting the European Union’s sovereignty in the monetary and financial fields and safeguarding it’s political and strategic autonomy, ECB Executive Board member Fabio Panetta said in a speech Friday.

Further global regulation is needed to prevent the uncontrolled development of decentralised digital finance in particular, he said, adding: “The “colonisation” of the European payments system is not an imminent danger. But nor is it a remote one, given the speed at which digital finance is changing.”

MNI London Bureau | +44 20 3983 7894 |
MNI London Bureau | +44 20 3983 7894 |

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.