A better future for all Europeans: building a digital euro.
The queen said that we should envision a better future and build a digital euro that works for all Europeans.
I am encouraged by the work that the European Central Bank has accomplished in its efforts to launch a digital euro. This will help to create a more level playing field for all European citizens and will promote economic stability and growth.
I believe that a digital euro could be a great way to encourage financial inclusion among underserved communities. By circumventing roadblocks like transaction fees and documentation requirements, a digital euro could help reduce the cost of remittances and make it easier for people to access the financial services they need. Of course, this would require some policy reforms and safeguards to address the difficulties and risks associated with a digital currency, but I believe that the benefits would be worth it.
The queen's remarks about the digital euro suggest that she believes that the financial system should be more open, inclusive, and responsive to the needs of all groups. This is a laudable vision, and one that we should all strive to achieve. A digital euro that works for all Europeans would be a great step in the right direction.
As queen consort of the Netherlands, Máxima has advocated for financial technology as a means of inclusion, specifically citing CBDCs. The Netherlands has been operating under a constitutional monarchy since 1814, with the monarch holding a symbolic role as president of the country’s Council of State. Queen Máxima also serves as the United Nations Secretary-General's Special Advocate for Inclusive Finance for Development. In her role, she has worked to promote financial inclusion and access to financial services for all people.
Crypto has a new royal follower. Queen Maxima of the Netherlands has advocated for central bank digital currencies. That, and more stories making headlines in the world of cryptocurrencies pic.twitter.com/jQfkohmB86— Reuters (@Reuters) October 19, 2022
The Netherlands is quickly becoming a hub for Bitcoin and cryptocurrency activity. The recent Bitcoin Amsterdam conference drew in members of royalty and policymakers from around the world, and US-based crypto exchange Coinbase has announced its expansion to the Netherlands following regulatory approval from the country's central bank. With this level of interest and investment, the Netherlands is poised to become a leading player in the global cryptocurrency market.