Interesting to know is also what it seems to be this ECB's open admission to passivity and subordination:
>On 2 October 2020, the ECB announced (norberthaering.de)in a press release that it intends to intensify its work on a digital euro.
The ECB enumerated three scenarios under which it might want to issue a digital euro:
a sharp decline in the use of cash,
“the launch of global private means of payment that might raise regulatory concerns and pose risks for financial stability and consumer protection” (read: Libra), and
a broad take-up of CBDCs issued by foreign central banks (read: digital yuan).
Interesting to know is also what it seems to be this ECB's open admission to passivity and subordination:
>>[On 2 October 2020, the ECB announced ](https://norberthaering.de/en/money-finance/digital-euro-en/)in a press release that it intends to intensify its work on a digital euro.
>The ECB enumerated **three scenarios** under which it might want to issue a digital euro:
>- a sharp decline in the use of cash,
>- “the launch of **global private means of payment** that might raise regulatory concerns and pose risks for financial stability and consumer protection” (read: **Libra**), and
>- a broad take-up of CBDCs issued by foreign central banks (read: digital yuan).
(post is archived)