💶 𝐎𝐯𝐞𝐫𝐡𝐞𝐚𝐫𝐝 𝐚𝐭 𝐭𝐡𝐞 𝐁𝐮𝐧𝐝𝐞𝐬𝐛𝐚𝐧𝐤'𝐬 𝐂𝐚𝐬𝐡 𝐒𝐲𝐦𝐩𝐨𝐬𝐢𝐮𝐦 📣 The Ligue was there for the 6th Bundesbank Cash Symposium on Feb. 5 in Berlin ... some key quotes and takeaways: 💡 Burkhard Balz of the Deutsche Bundesbank said it’s vital to maintain the availability of the critical cash infrastructure so it can continue to play its stabilizing role in times of crisis. “𝐏𝐡𝐲𝐬𝐢𝐜𝐚𝐥 𝐦𝐨𝐧𝐞𝐲 𝐫𝐞𝐦𝐚𝐢𝐧𝐬 𝐭𝐡𝐞 𝐜𝐨𝐫𝐞 𝐩𝐫𝐨𝐝𝐮𝐜𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐁𝐮𝐧𝐝𝐞𝐬𝐛𝐚𝐧𝐤 – with a digital euro supplementing it – as the second side of one and the same coin.” 💡 Heiko Thoms, State Secretary at the German Federal Ministry of Finance, listed 𝐜𝐚𝐬𝐡’𝐬 𝐦𝐚𝐧𝐲 𝐛𝐞𝐧𝐞𝐟𝐢𝐭𝐬, 𝐢𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠 𝐚𝐬 𝐚 𝐬𝐲𝐦𝐛𝐨𝐥 𝐨𝐟 𝐜𝐮𝐥𝐭𝐮𝐫𝐞 that digital payment can’t provide. 💡 Doris Schneeberger of the European Central Bank said "‘𝐍𝐨-𝐜𝐚𝐬𝐡’ 𝐬𝐢𝐠𝐧𝐬 𝐚𝐫𝐞 𝐜𝐥𝐞𝐚𝐫𝐥𝐲 𝐧𝐨𝐭 𝐰𝐚𝐧𝐭𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐄𝐂𝐁.’” 💡 Deutsche Bundesbank’s @Jelena Stapf reminded us that 𝐰𝐞 𝐜𝐚𝐧’𝐭 𝐨𝐧𝐥𝐲 𝐭𝐡𝐢𝐧𝐤 𝐚𝐛𝐨𝐮𝐭 𝐨𝐮𝐫𝐬𝐞𝐥𝐯𝐞𝐬 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐝𝐞𝐛𝐚𝐭𝐞 but also about people who are not able to participate digitally. 💡 Multiple speakers cited the 𝐧𝐞𝐞𝐝 𝐟𝐨𝐫 𝐦𝐨𝐫𝐞 𝐰𝐨𝐫𝐤 𝐚𝐜𝐫𝐨𝐬𝐬 𝐚𝐥𝐥 𝐄𝐔 𝐜𝐨𝐮𝐧𝐭𝐫𝐢𝐞𝐬 𝐭𝐨 𝐬𝐮𝐩𝐩𝐨𝐫𝐭 𝐭𝐡𝐞 𝐰𝐢𝐝𝐞 𝐚𝐯𝐚𝐢𝐥𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐚𝐜𝐜𝐞𝐬𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐲 𝐨𝐟 𝐜𝐚𝐬𝐡. ❗ The time to act is now, before it is too late – according to Burkhard Balz. Get the 𝐅𝐔𝐋𝐋 𝐑𝐄𝐂𝐀𝐏 of the symposium: https://lnkd.in/grw9WAeh #criticalinfrastructure #security #stability #soverignty #freedom
