According to the statements of the Governor of the Bank of Spain, Europe does not need to rush for a digital euro.
While Pablo Hernández de Cos emphasized the importance of the European Central Bank’s work on the digital euro, he said that the current payment systems in Europe and Spain are “extremely efficient” and that central bankers are “advancing their analysis as carefully as possible.”
The European Central Bank’s work on the issuance of digital euros has accelerated in recent years, but has been subject to some criticism this year. Among the criticisms that personal privacy It may be restrictive in terms of
Hernández de Cos said that a digital currency to be issued by the central bank financial stability and monetary policy He thinks that it should not pose a risk. “I am aware that this initiative in its current form raises many questions for both society in general and the financial industry,” the central bank governor said. “The digital euro is not seen as an urgent need under these circumstances.” said.
However, this does not mean that studies on the digital euro means it will stop It’s not coming. Hernández de Cos added:
“I believe that the responsibility of not only the central bank but also the financial industry is to ensure that the payment system that ensures the good of society is not threatened. That is why I believe that the past and future work of the Eurosystem is entirely necessary, regardless of the final decision.”