Crypto or not crypto? – The topic of central bank digital currencies (MNBC) returned with insistence within a few weeks, the columns of the Journal du Coin can attest to this. And, maybe that’s just the beginning. Various governments around the world are increasingly looking into the subject. Recently, the Dutch monarch confirmed his approval of European projects in this area, before the European Commission.
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In the realm of the blind, MNBC exists
While the Japan abandoned its works linked to the crypto Yen this summer, the trend in Europe seems to go the other way. The latest British Prime Minister Rishi Sunak is a ardent defender of MNBC. In this regard, the The Banque de France conducts tests these same digital assets in the SWIFT network. The Netherlands now continues to promote a crypto euro, issued by the European Central Bank.
On November 7, the Queen Consort of the Netherlands Maxima Zorreguieta spoke to the European Commission. He spoke during a conference entitled ” Towards a legislative framework enabling a digital euro for citizens and businesses “.
According to the Queen Consort, the digital euro can be a weapon of social cohesion and inclusiveness.
“Representatives of the public sector have the duty to ensure that the financial system is open, inclusive and responsive to the needs of all groups. Think of this as a better future and build a digital euro that works for all Europeans”.
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In addition to her representative role in the Netherlands, Máxima Zorreguieta is also the Secretary General of the United Nations for the promotion of financial inclusiveness. With well-established infrastructures and applications, in fact, a European MNBC can (at least) “Facilitating financial inclusion “.
But at what cost? MiCa, crypto-euro, European regulation and control of transactions: MNBCs probably represent another nail in the coffin of individual financial sovereignty. Financial inclusion is a valid argument for a crypto euro, but it should not come at the expense of sovereignty and privacy.
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