ECB Executive Board Member Advocates for Blockchain Utilization of Central Bank Money

2026/08/30 14:33 (Updated 2026/08/30 18:01)

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Written by L.Kikutani

ECB Executive Board Member Advocates for Blockchain Utilization of Central Bank Money

Central Bank Money Initiative

On the 28th, at the Jackson Hole Symposium, Isabel Schnabel, an Executive Board member of the European Central Bank (ECB), proposed that central bank-issued and managed funds (central bank money) should be transitioned onto the blockchain. According to Bloomberg, this move aims to revamp the methods of implementing monetary policy.

Ms. Schnabel stated that by moving to on-chain, while maintaining the role of funds settlement infrastructure, the programmability of distributed ledgers (...

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