Does anyone want a digital euro?

Behind the Money

Topher Forhecz

Markets, Investing, News, Banking, Finance, Business, Business News, Crypto

4.4 • 350 Ratings

🗓️ 24 May 2023

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

As cryptocurrencies have grown in popularity and people use cash less and less, central banks have been put on the defensive. Their solution to stay relevant and maintain control? A central bank digital currency. Institutions such as the European Central Bank see it as their way to leap into the digital age. But as the ECB is pushing forward with its agenda, it’s facing criticism from the very people and banks who would help keep it alive. The FT’s Martin Arnold takes a closer look at the digital euro — its promises, pitfalls and why people took to the streets to protest against it earlier this year.

Clips from CNBC, Council on Foreign Relations, Meta, NBC

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For further reading:

The digital euro: a solution seeking a problem?

Central banks’ digital currency plans face public backlash

Facebook Libra: the inside story of how the company’s cryptocurrency dream died

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On Twitter, follow Martin Arnold (@MAmdorsky) and Michela Tindera (@mtindera07)

Read a transcript of this episode on FT.com

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Transcript

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0:00.0	Am I missing anything? Is this the right decision?
0:02.0	Could it be a alternative?
0:04.0	Am I too late?
0:05.0	Find clarity in your investment decision-making.
0:08.0	Manage your portfolio for sustainable growth
0:11.0	and regulatory alignment
0:12.0	with the ultimate blend of powerful AI and
0:14.6	industry expertise.
0:16.5	Reduce risk, meet your sustainability goals and push the boundaries of possibilities based on
0:21.1	facts, not opinions.
0:23.0	Clarity AI scaling human decisions through tech.
0:26.6	Visit clarity.
0:28.3	And take action today.
0:29.3	Do you remember Facebook's crypto project that was called Libra from a few years ago?
0:36.0	What if we made money truly global?
0:40.0	Stable and secure.
0:45.0	what if everyone was invited to the global economy with access to the
0:48.5	same financial opportunities?
0:52.1	At the time in 2019 it made a pretty big splash.
0:57.0	Facebook going full crypto unveiling its new digital currency Libra.
1:00.0	The Facebook plan replaced the world's dollars,
1:03.2	euros, francs, yen, and pesos with a new cryptocurrency.
	...

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