European Central Bank Board Member Fabio Panetta considers it likely that digital currencies produced by central banks will be recognized as legal currency.
Speaking at the event in Finland on Tuesday, Panetta said: “It would be rather strange if an instrument additionally issued by a central bank would not qualify as legal currency.” said.
It is thought that the recognition of digital central bank coins as legal currency along with the banknotes in circulation may put them in an advantageous position against digital currencies issued by private companies.
According to Bloomberg, the Governor of the Russian Central Bank, Elvira Nabiullina, is in circulation. in different forms money among themselves “to convert seamlessly” Emphasizing its importance, he supported the idea of giving official currency status to digital currencies to be issued by central banks.
Panetta, Member of the Board of the European Central Bank, nevertheless “not to be taken seriously” He stated that research on the legal status of digital central bank currencies will continue.
The European Central Bank, which has completed the negotiation process of the digital euro, will continue for two years started the research process in July.
As well as the legal status of the digital euro in the research process usage areas, the features it will have, the business model it will follow. and How to position itself in the European market assessments will be made.