ECB Executive Board member Isabelle Schnabel said that regulators must deploy the central bank's currency to the blockchain, partly to reform the way monetary policy is implemented. Schnabel said on Friday that the function of the chain is not only to maintain currency as a “settlement basis.” “This move will also allow central banks to use the programmable features of distributed ledgers to modernize monetary policy implementation, collateral management, and liquidity investment, thereby maintaining financial stability.” ”

ECB Executive Board member Isabelle Schnabel said that regulators must deploy the central bank's currency to the blockchain, partly to reform the way monetary policy is implemented. Schnabel said on Friday that the function of the chain is not only to maintain currency as a “settlement basis.” “This move will also allow central banks to use the programmable features of distributed ledgers to modernize monetary policy implementation, collateral management, and liquidity investment, thereby maintaining financial stability.” ”