As most central banks across Europe scramble to develop their national central bank digital currencies (CBDCs), and the European Central Bank pushes the digital euro, Denmark sees no immediate need for a digital krone.
In a speech earlier this month, Danmarks Nationalbank Governor Signe Krogstrup delved into the surging rise in digital payments and the implications on the country’s financial and monetary stability.
Krogstrup believes it would be relatively easy to issue a wholesale CBDC for commercial banks as the central bank already gives central bank reserves. All that would change would be the technology on which it’s deployed, with a CBDC calling for distributed ledger technology (DLT).
