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29 October 2020

Blockchain firm Monerium thinks Europe 'already has' a digital euro

Blockchain firm Monerium thinks Europe 'already has' a digital euro


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Consensys-backed e-money issuer Monerium thinks the route to a digital euro is simpler than the European Central Bank suggests.

To back up its case, Monerium points to a report from two International Monetary Fund economists, which proposed that non-bank providers could issue digital money with the central bank’s backing in order to roll out a synthetic central bank digital currency (sCBDC). .

Europe’s existing e-money framework, in Monerium’s view, is already fit for the IMF’s key criteria for a stable digital currency

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