German central bank president calls for swift adoption of CBDCs to stay competitive.

Joachim Nagel, President of the Deutsche Bundesbank and a member of the ECB, emphasized the urgency for central banks to reassess their business models and swiftly adopt central bank digital currencies (CBDCs). Speaking at a high-level panel during the Bank for International Settlements (BIS) Innovation Summit on May 6, Nagel expressed concern over the uncertain […] source: https://cryptoslate.com/german-central-bank-president-calls-for-swift-adoption-of-cbdcs-to-stay-competitive/