{"id":27187,"date":"2022-11-08T17:33:44","date_gmt":"2022-11-08T12:03:44","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=27187"},"modified":"2022-11-08T17:33:44","modified_gmt":"2022-11-08T12:03:44","slug":"queen-of-the-netherlands-supports-digital-euro","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/news\/queen-of-the-netherlands-supports-digital-euro\/","title":{"rendered":"Queen of the Netherlands supports digital euro"},"content":{"rendered":"

The digital Euro has found a new supporter in Queen M\u00e1xima of the Netherlands. Attending a European Commission (EC) conference virtually, the Queen said<\/a> she was encouraged by the European Central Bank\u2019s work in launching a digital euro.<\/p>\n

The queen\u2019s remarks come as part of an EC conference pushing for a legislative framework for a digital euro, on 7 November. The conference is titled \u201cTowards a legislative framework enabling a digital euro for citizens and for businesses.\u201d<\/p>\n

The Queen has been known to use her public standing to advocate for financial technology as a means of inclusion. For instance, she made<\/a> a similar remark last month. She is also the United Nations Secretary-General\u2019s special advocate for inclusive finance for development.<\/p>\n

Additional details on Queen M\u00e1xima\u2019s view<\/h2>\n

Elaborating her views on the subject, Queen M\u00e1xima said that a digital euro could encourage financial inclusion among underserved communities by circumventing roadblocks, including transaction fees and documentation requirements. A central bank digital currency could help reduce the cost of remittances in the European Union, according to the regent.<\/p>\n

Furthermore, calling upon all of the European Union to envision a better future with a financial system that is open, inclusive, and responsive to the needs of all groups, the Queen reinforced the need to build a digital euro that works for all Europeans.<\/p>\n

However, the Queen did emphasize the need for regulations. The digital currency, she said, will require policy reforms and safeguards \u201cto address difficulties and risks.\u201d<\/p>\n

The making of the digital euro<\/h2>\n

The digital euro is two years in the making at the moment. It is intended to be a Central Bank Digital Currency (CBDC) that serves the European Union. The two-year probe process into its creation is scheduled to conclude in September 2023.<\/p>\n

In recent times, European Central Bank (ECB) President Christine Lagarde announced<\/a> that the EC intends to release a legislative proposal on a digital euro shortly.<\/p>\n

During a conference, held by the EC and the ECB in Brussels<\/a>, Lagarde said that the timely adoption of a legal framework for the digital euro would \u201cgive all stakeholders the necessary legal certainty to prepare for its possible introduction and send a strong signal of political support.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The digital Euro has found a new supporter in Queen M\u00e1xima of the Netherlands. Attending a European Commission (EC) conference virtually, the Queen said she was encouraged by the European Central Bank\u2019s work in launching a digital euro. The queen\u2019s remarks come as part of an EC conference pushing for a legislative framework for a […]<\/p>\n","protected":false},"author":70,"featured_media":27188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[7701],"tags":[6467,6536],"class_list":["post-27187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-news"],"acf":{"json_ld_schema":"\n[{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"@id\":\"https:\/\/coinswitch.co\/switch\/us-stocks\/wall-street-jottings\/#FAQPage\",\"headline\":\"Wall Street jottings: A personal, guided tour to investing in US stocks\",\"keywords\":\"Personal Guide, US Investing, \",\"datePublished\":\"2022-07-22T13:28:55+05:30\",\"dateModified\":\"2022-09-19T19:04:28+05:30\",\"dateCreated\":\"2022-07-22T13:28:55+05:30\",\"author\":{\"@type\":\"Person\",\"name\":\"Akumbenla Jamir\",\"description\":\"\",\"url\":\"https:\/\/coinswitch.co\/switch\/author\/akumbenla\/\",\"sameAs\":[],\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/38aea2873be2850fa7502413626eea19?s=96&d=mm&r=g\",\"height\":96,\"width\":96}},\"image\":[{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/coinswitch.co\/switch\/us-stocks\/wall-street-jottings\/#primaryimage\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings.jpg\",\"width\":\"1800\",\"height\":\"1080\"},{\"@type\":\"ImageObject\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings-1200x900.jpg\",\"width\":\"1200\",\"height\":\"900\"},{\"@type\":\"ImageObject\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings-1200x675.jpg\",\"width\":\"1200\",\"height\":\"675\"}]}]\n","json_ld_custom_schema":"","youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"","post_author":false,"guest_author":false,"hide_toc":false,"select_disclaimer":"Article Default Disclaimer","key_takeways":false},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/27187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/70"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=27187"}],"version-history":[{"count":1,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/27187\/revisions"}],"predecessor-version":[{"id":27191,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/27187\/revisions\/27191"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/27188"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=27187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=27187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=27187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}