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    Home » Germany advocates the creation of a national digital currency in Europe

    Germany advocates the creation of a national digital currency in Europe

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    By BlockchainJournal on October 8, 2019 News
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    Vice-Chancellor and Minister of Finance of Germany Olaf Scholz supported the idea of creating a national digital currency .

    “Such a payment system will be a good solution for the financial center of Europe and its integration into the global financial system, ” the local publication WirtschaftsWoche quoted him as saying.

    We must not leave this space to China, Russia, the USA or any of the private suppliers. ”

    In September, German authorities approved a state blockchain strategy that prohibits the existence of parallel currencies such as Libra .

    “A key element of sovereignty is the issue of currencies. We will not leave this task to private companies, ” Scholz said then.

    Last week, two American lawmakers came up with the idea of issuing a national digital currency, subsequently receiving the support of the head of a branch of the Federal Reserve Bank.

    In addition, the People’s Bank of China is preparing to launch a national digital currency. Earlier, he refused to confirm information that consumers could be granted access to the instrument until mid-November.

    Publication date 10/08/2019
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