Tagged: jens weidmann

Bundesbank President and ECB Councillor Jens Weidmann: Facebook’s Libra Compels Governments to Ensure Competition, Not Create State Cryptocurrency

January 3, 2020 @ 4:51 pm By Cali Haan |

Jens Weidmann, President of Germany’s central bank (Bundesbank) and a governing councilor at the European Central Bank (ECB), told Handelsblatt this week that much needs to be understood before central banks should get into issuing a digital currency like Facebook’s Libra or Bitcoin, commonly referred… Read More

Head of German Bundesbank Advises Against Creation of Central Bank Digital Currencies

June 1, 2019 @ 8:11 pm By Cali Haan |

The President of Germany’s central bank, Jens Weidmann, has warned that implementing central bank digital currencies (CBDCs) could lead to the destabilization of global financial systems, especially during times of fiscal crisis. The warning came during a speech delivered at the opening of the Bundesbank… Read More