European Central Bank pushes forward with DLT-based transaction settlement
The Board of Directors of the European Central Bank has taken a measure to advance its initiative to settle the transactions recorded on the technology of the large distributed book using the money from the Central Bank.
The decision, announced on February 20 in a press release, aims to integrate the technology of the major book distributed in the infrastructure of existing target services.
The BCE’s approach will follow a two -track strategy. The first track focuses on the rapid development of a safe and effective platform for DLT-The regulations based while guaranteeing interoperability with target services. The second track will explore a long -term integrated solution to settle transactions based on the technology of the large book distributed in central bank, including exchange regulations.
The member of the Board of Directors of the European Central Bank, Piero Cipollone, stressed the importance of balancing innovation with financial stability, declaring: “We adopt innovation without compromising security and stability.”
According to a crypto. report, Cipollone, in an interview with the world at the end of last year on the subject of digital paymentssaid, “This is one of the reasons why we are working on a digital euro, which would be an electronic treasury form for digital payments. “”
Build an integrated European market
This initiative is aligned with wider efforts of the European Central Bank to establish a more integrated European market for digital assets. The agency says that it is based on previous exploration works carried out between May and November 2024, which involved 64 participants, including central banks, financial market participants and operators of large book platform distributed .
These trials and experiences, which included real regulations in central bank money, have prepared the ground for this extended initiative.
As part of the ECB’s strategy, the board of directors has also called For the promotion of a digital capital market union, which will further facilitate the growth of digital asset markets across Europe.
On the other hand, this recent development recalls the taking of the expert in blockchain Fiorenzo Manganiello, which was presented in a crypto.News report Earlier this month, European central banks could start accumulating Bitcoin this year.
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