CBDC as a store of value threatens financial system, says German official
Cointelegraph
Published Oct 21, 2020 07:03AM ET
Updated Oct 21, 2020 08:40AM ET
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 people should only be able to use the central bank-backed digital euro as a mode of payment and not as a store of value.
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Written By: Cointelegraph
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