“Strong design features” key to mitigating impact of digital euro

The impact of a digital euro should not be assessed based on the status quo, Claudia Buch believes, The chair of the supervisory board at the European Central Bank (ECB) made the above statement in a written reply to Auke Zijlstra, member of the European Parliament, who had submitted a query about the implications of the digital euro on the EU’s banking sector. In the same letter, Buch also took the opportunity to explain the ECB’s approach to the digital euro.