# Netherlands wants to play a leading role for Europe-wide digital currency

By Catherine Martin

Canonical URL: https://www.tokenpost.com/news/regulation/5499
Published: 2020-04-24T04:55:01.000Z
Updated: 2020-04-24T04:55:01.000Z
Section: Regulation

> The central bank of the Netherlands, De Nederlandsche Bank (DNB), wants to play a huge role in the digitalEuro.

The central bank of the Netherlands, De Nederlandsche Bank (DNB), wants to play a huge role in the digitalEuro.

The central bank released a 45-page report expressing its interest in playing a “leading role” in central bank digital currency (CBDC). DNB offered to become a suitable testing ground for the digital Euro project.

It also mentioned Libra as a potential threat to global monetary stability. The report stated that Libra was the main reason DNB and other central banks are considering to issue their own digital currency, [Cryptopolitan](<https://www.cryptopolitan.com/dutch-central-bank-leading-role-digital-euro/>) reported.

Digital Euro is the responsibility of the European Central Bank (ECB) which actively explores digital currency. According to [Positive Money Europe](<https://www.positivemoney.eu/digital-euro/>), ECB would allow citizens to store their money at the central bank and make basic payments and transactions with it. In essence, a public digital currency is similar to cash, only on digital format

Earlier this month, [Banque de France has opened its doors to CBDC](<http://tokenpost.com/France-central-bank-invites-firms-to-experiment-digital-currencies-5409>) and invites firms to join in its crypto experiment. It released a document titled “Central Bank Digital Currency Experiments With The Banque De France: Call for applications package,” which aims to conduct an experiment about CBDCs.

“The creation of a central bank digital currency (CBDC) [...] is neither a precondition for nor a guarantee of more efficient payments. However, we as central banks must and want to take up this call for innovation at a time when private initiatives – especially payments between financial players – and technologies are accelerating, and public and political demand is increasing. Other countries have paved the way; it is now up to us to play our part, both ambitiously and methodically,“ the document read.

Meanwhile, China is a step closer to releasing its CBDC. It was reported that it already completed all the basic functions. Just recently, the [first look of its online wallet leaked](<http://tokenpost.com/Chinas-central-bank-digital-currency-wallets-first-look-unveiled-5457>) online.

[TokenPost](<https://www.tokenpost.com/>) | info@tokenpost.com

## Links in this article

- [Cryptopolitan](https://www.cryptopolitan.com/dutch-central-bank-leading-role-digital-euro/)
- [Positive Money Europe](https://www.positivemoney.eu/digital-euro/)
- [Banque de France has opened its doors to CBDC](http://tokenpost.com/France-central-bank-invites-firms-to-experiment-digital-currencies-5409)
- [first look of its online wallet leaked](http://tokenpost.com/Chinas-central-bank-digital-currency-wallets-first-look-unveiled-5457)
- [TokenPost](https://www.tokenpost.com)