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      European Central Bank Official Advocates for On-Chain Central Bank Currency

      Isabel Schnabel, a member of the Executive Board of the European Central Bank (ECB), has emphasized the necessity for central bank money to be integrated onto blockchain technology. She warned that without this integration, the tokenized market may increasingly depend on private or foreign currency for settlement purposes.

      Schnabel's remarks highlight a concern that the absence of on-chain central bank money could lead to a shift in the settlement dynamics of the tokenized market, favoring privately issued assets or foreign currency-denominated assets. She argues that incorporating central bank money onto blockchain platforms is crucial for preserving the role of public money as a settlement anchor in a tokenized financial environment.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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