✉news BusinessBanking first seen 7 h ago, last 20 min ago, peak #14
ECB Proposes Moving Bank Reserves to Blockchain
The European Central Bank has put forward a proposal to move euro area banks' reserves onto blockchain infrastructure. The idea, reported by crypto and finance media, would mark a significant step in integrating distributed ledger technology into the core of the euro system. Details of the proposal, its scope and timeline remain limited so far.
Why now: A major central bank signaling adoption of blockchain for core banking operations is a significant development for both the financial and crypto sectors
European Central Bankeurozone banksblockchain
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