Regulatory Alerts2026-06-25
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Fritzi Köhler-Geib: As Private Digital Money Spreads, Digital Central Bank Money Becomes More Important
Bundesbank Board Member Fritzi Köhler-Geib warned that the spread of private digital money increases the systemic importance of digital central bank money to mitigate risks like weakened monetary transmission and loss of control over public tasks. She emphasized the necessity of clear regulations, transparent reserve requirements, and effective supervision for stablecoins, highlighting the essential role of frameworks like MiCAR in Europe. Köhler-Geib also underscored the critical importance of bilateral cooperation and shared infrastructure projects between the Deutsche Bundesbank and the Banca d'Italia.
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