PANews|Aug 29, 2026 00:40
[ECB Executive Board Member Calls for Introducing Central Bank Money to Blockchain to Modernize Monetary Policy Implementation]
According to Bloomberg, European Central Bank (ECB) Executive Board Member Isabel Schnabel stated that central banks should introduce central bank money to blockchain to revolutionize the way monetary policy is implemented. Achieving 'on-chain' integration would not only preserve money's role as the 'cornerstone of settlement' but also enable central banks to leverage the programmable features of distributed ledger technology to modernize monetary policy implementation, collateral management, and liquidity provision, thereby promoting financial stability.
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