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In this final episode of the DEA Podcast for 2021, DEA Board Chairman Jonas Gross together with Conrad Kraft (Executive Director of the DEA) and Manuel Klein (Founding Member of the DEA) recap some of the most important developments made at the DEA as well as review some of the interesting developments in the world of digital money and the digital euro. They also share their predictions and outlook for 2022 in the world of digital money.

Be sure to tune in to get a great overview of the year that was and insights into what 2022 may hold.

In this podcast episode, Valentin Seehausen, COO of the DEA, interviews Dr. Kimmo Soramäki from FNA. FNA builds models that are based on agent-based modelling (ABM) and consults central banks from all over the world. Valentin and Kimmo discuss how the ABM approach differs from models that central banks have been using in the last decades. They focus on the CBDC simulator, an ABM model that can simulate the effects that different parameters of a CBDC could have on the economy.

This podcast episode of the Future of Money Podcast by the Digital Euro Association focusses on Stablecoins. DEA founding member Manuel Klein talks with Markus Franke, Partner and economist at cLabs who work on Celo stablecoins, about what stablecoins are, which different types of stablecoins exist and which advantages and disadvantages the different types of stablecoins bring. After having described the different stablecoin-types, Manuel and Markus focus on the decentralized stablecoins of celo: Celo is a layer 1 blockchain with stablecoins like the Celo Dollar and Celo Euro that are optimised for decentralised finance applications on cell phones. Manuel and...

In this episode, Tony McLaughlin outlines a network on which different forms of money that we already know today can be transferred as tokens issued on distributed ledgers. These different monies are all “regulated liabilities” and include commercial bank money, electronic money, and central bank money. A network that tokenizes regulated liabilities on the same chain may deliver a next generation digital money format with the benefits of DLT but without the downsides of currently discussed digital money forms such as stablecoins or CBDCs.

As DLT has the potential to represent multiple forms of digital value, we might go further...

Most of the central banks around the world consider issuing a CBDC mainly as a consequence of the declining use of cash as a means of payment and to position themselves against increased competition from novel forms of private sector-issued money such as cryptocurrencies and stablecoins. In most jurisdictions, CBDC design requirements and design principles are currently being analyzed and discussed. A consultation by the European Central Bank (ECB) revealed that privacy seems to be the most important requirement for a CBDC for European citizens. Privacy of transaction data is important for ensuring the security of the data and fair...

Digital payment solutions constitute an important strategic building block in Europe’s quest for digital competitiveness and strategic autonomy. Various European institutions have increased their efforts to modernize the payment infrastructures in Europe, including the Digital Finance Package by the European Commission and the inquiry into a digital euro by the European Central Bank (ECB). However, in particular, the private sector is at the forefront of analyzing the impact of a digital Euro, e.g., in this context, a digital euro based on distributed ledger technology (DLT).

oday, cross-border payment systems are far from being frictionless and efficient. According to data by the World Bank, for cross-border payments, on average, more than 7% transaction fees are charged. Central bank digital currencies (CBDCs) have the potential to improve these international payment processes in various ways. At this point, standardization, harmonization and interoperability between domestic payment systems with possible different payment arrangements become strikingly important. A committed cooperation to build a bridge between multi-currency cross-border payments through an enhanced financial infrastructure with the design principles supporting privacy, security, fairness, efficiency, inclusivity, and legal compliance would bring about a promising...

The Digital Euro Association (DEA) webinar series “private sector and the digital euro” will continue with a webinar on stablecoins. As of the end of May 2021, stablecoin supply exceeds $100 billion in market value according to data from The Block. This substantial development in the stablecoin market is primarily driven by the significant global demand for digital assets in the Decentralized Finance (DeFi) space. While stablecoins are in the spotlight, debates around their stability, resiliency, risk, and compliance with existing regulations in financial markets are currently being shaped. However, the stablecoin market is dominated by US stablecoin providers –...

In this Episode, we focus on the digital euro project and address the following questions:

Do we need a digital Euro?
If yes, why? What are the use cases of a digital Euro?
Which role should the private sector play?
What could be a timeline for the ECB to issue a CBDC?
How advanced is the ECB in the development of a digital Euro? When should we expect to see a Euro-CBDC?
What are the consequences of delayed action by the ECB?

In a four-part podcast series, Alexander Bechtel and Manuel Klein explain how the euro can be "digitized", which different forms the digital euro can take, and what hurdles must be overcome to make the digital euro a reality. The last episode focuses on the reasons for a digital Euro.