2026-06-26
Added · Updated
Bundesbank Executive Board Member Fritzi Köhler-Geib warned that the scaling of private digital money strengthens the case for Central Bank Digital Currencies to prevent weakened monetary policy transmission and loss of sovereignty. She emphasized that stablecoins amplify traditional risks through faster transactions, necessitating clear regulations, transparent reserve requirements, and effective oversight under frameworks like MiCAR. Köhler-Geib also highlighted the importance of continued collaboration between the Bundesbank and Banca d'Italia to strengthen bilateral relationships and address shared challenges in the digital payment ecosystem.