The head of the German Central Bank calls for the introduction of CBDCS to protect European sovereignty

The head of the monetary authority in Germany calls for the central bank’s digital currency (CBDC).

In a session of questions and answers with economists at the Official Research and Financial Research Forum (OMFIF), President Deutsche Bundesbank, Joachim Nagel, He says It supports CBDC.

Omfif Nagel cited that “CBDCs will play a role in future flexibility” and will help protect the supremacy of the eurozone. CBDCS says the general good that central banks should offer.

According to the research tank, the Deutsche Bundesbank president looks at the emergence of American companies in the global payment sector as a potential threat in the future because it “can be used in a digital environment as a form of weapons”, a possibility that makes it necessary for Europe to find the background scale.

The research reservoir is also cited that Deutsche Bonds Pank President says that “it is too early to know how CBDCS, as well as digitization, can affect the neutral interest rate – the interest rate that the European Central Bank is looking to ensure that inflation remains stable and the economy remains in full work.

Omfif also says Nagel opposes Bitcoin (BTC) to become a form of backup. The Central Bank President believes that Bitcoin “digital lily” is “the opposite of transparency”.

“This is not something that central banks should see. This is not a liquid form of something you want in the public budget. We must be very careful here.”

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