✉news BusinessBanking first seen 22 h ago, last 10 h ago, peak #14
ECB Proposes Moving Bank Reserves to Blockchain
The European Central Bank has proposed shifting bank reserves onto blockchain infrastructure, according to a report by ForkLog. The idea would move a core part of the eurozone banking system onto distributed ledger technology, a significant step for how central bank money is held and settled. Details of the proposal and its timeline remain limited, and reaction from banks and policymakers is still emerging.
Why now: A major central bank considering blockchain for bank reserves has immediate implications for the eurozone financial system and the crypto industry.
European Central Bankeurozoneblockchain
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