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Deutsche Börse CEO advocates for permanent digital euro

Deutsche Börse CEO advocates for permanent digital euro

GrafaGrafa2025/02/18 02:50
By:Mahathir Bayena

Deutsche Börse CEO Stephan Leithner is advocating for financial reforms within the European Union, emphasising the establishment of a permanent digital euro to bolster the region's financial autonomy.

Leithner outlined a 10-step strategy in a policy paper published on Feb. 15 aimed at transforming the EU’s Capital Markets Union (CMU) into a Savings and Investments Union (SIU), with a central bank digital currency (CBDC) at its core.

Leithner views the launch of a permanent CBDC as a key element of the EU's digital agenda and an important part of its financial strategy.

Leithner stated that the European Central Bank (ECB) and national central banks must collaborate to ensure that the digital euro enriches the region’s capital markets ecosystem.

“The ECB’s joint approach with national central banks around a central bank digital currency will facilitate exploration of the most suitable solutions and truly enrich the EU’s capital markets ecosystem,” Leithner said.

Leithner also highlighted the need for technological developments around “cash on ledger” or “programmable payments” systems to ensure seamless interconnection between the EU’s permanent CBDC and existing payment systems and services.

He believes a CBDC would enhance efficiency in financial transactions and strengthen the EU’s economic autonomy.

Leithner suggests that combining key regulatory frameworks in the EU, such as the Markets in Crypto-Assets Regulation (MiCA), the AI Act, and the Digital Operational Resilience Act (DORA), "would enable the euro to gain competitive edge at global level."

Stephan Leithner has served as the Chief Executive Officer of Deutsche Börse AG since January 2025.

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