The European Central Bank’s (ECB) has tapped ING’s world director of funds, Evelien Witlox, as this system supervisor for its digital euro, efficient Jan. 1, 2022.
- In her new function, Witlox will work alongside the senior administration crew of the Directorate General Market Infrastructure and Payments.
- Witlox will work on the ECB’s investigation phase of the project which can run till October 2023. The intention of the undertaking is to handle key points relating to design and distribution of the digital euro which should have the ability to meet the wants of Europeans whereas on the identical time serving to to forestall illicit actions and avoiding any undesirable affect on monetary stability and financial coverage, the ECB mentioned in a press launch.
- The ECB has outlined a roadmap for the digital forex and is at present within the technique of analyzing whether or not to introduce a central financial institution digital forex (CBDC) for retail funds.
Read extra: ECB’s Panetta Says Digital Euro Should Expand Overall Payment Solutions