EU Commissioner: CBDC May Need Global Regulation

CBDC may require a network of international deals to stop state-backed money from infringing on other countries’ sovereignty, European Union Commissioner Paolo Gentiloni said on Monday.

The bloc of 27 nations is considering a digital version of the euro, but needs to resolve issues such as how a digital euro will work for cross-border payments. "How do you avoid the risk of infringing the sovereignty of other jurisdictions through a digital currency … while developing a digital currency with global ambition, as the digital euro will be?" said Gentiloni, who is responsible for economic policy at the European Commission, the EU's executive arm.

Source

Policy and Regulation

Related News
'He signs whatever I say': LIBRA token 'facilitator' Hayden Davis claims he paid Argentine Pres. Milei's sister for influence: report 'He signs whatever I say': LIBRA token 'facilitator' Hayden Davis claims he paid Argentine Pres. Milei's sister for influence: report
Argentinian President Javier Milei charged with fraud over $LIBRA token scandal: AP Argentinian President Javier Milei charged with fraud over $LIBRA token scandal: AP
Bitwise files Dogecoin ETF registration, firm confirms Bitwise files Dogecoin ETF registration, firm confirms
Trump-backed World Liberty Financial swaps approximately $90 million worth of stablecoins for ETH, LINK and other tokens Trump-backed World Liberty Financial swaps approximately $90 million worth of stablecoins for ETH, LINK and other tokens
World Liberty Financial sees surge in token sales following Donald and Melania Trump memecoin launches World Liberty Financial sees surge in token sales following Donald and Melania Trump memecoin launches
Latest News More More
1 Hour Ago GnosisDAO votes to invest further $4.8 million to fund HOPR's in-house development of private, uncensorable VPN
1 Hour Ago Bankrbot ends Grok's unintentional token creation spree by disabling interactions on X
1 Day Ago Taproot Wizards to hold first public auction of 'Wizards' Bitcoin Ordinals project
1 Day Ago Paradigm leads $82 million Series B round for crypto payments network Mesh
2 Days Ago Rex Shares, Osprey Funds file to list MOVE ETF with SEC as Movement readies mainnet launch
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open