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“# EU central banks work on DLT-based asset settlement ” European central banks ramp up their efforts to utilize distributed ledger technology (DLT), the foundation of blockchain, in central bank money settlements. Banca d’Italia and Deutsche Bundesbank, central banks of Italy and Germany, respectively, joined forces to work on settlements in central bank money of…
“# German federal bank runs successful blockchain system without a CBDC ” Germany’s federal bank, the Deutsche Bundesbank, has run successful tests on a project which bridges the traditional finance infrastructure with blockchain technology. Despite the current global rush by central banks to familiarise themselves with central bank digital currency technology, the testing carried out by the…
“# CBDC as a store of value threatens financial system, says German official ” Burkhard Balz, a German politician and executive board member of the country’s central bank, said in a speech on Oct. 20 that it was crucial to build tools to restrict how the digital euro is used upon launch. Balz emphasized that…