Deutsche Bundesbank and MIT Conduct Joint Research on Central Bank Digital Currency
Deutsche Bundesbank, in collaboration with the Massachusetts Institute of Technology (MIT), successfully carried out a joint research project dedicated to central bank digital currency (CBDC). The research was conducted in conjunction with the team from the Digital Currency Initiative (DCI) at the MIT Media Lab, which is considered one of the leading groups in this field globally.
Bundesbank President Joachim Nagel highlighted the significance of the project: “The MIT DCI team is actively engaged in innovative topics that are also important to us in Europe, including reconciling security and privacy requirements with the tasks of central bank digital currency,” he said. “We at the Bundesbank are pleased to conduct research on this important topic with such a competent partner as MIT DCI.”
On April 16th, Dr. Joachim Nagel, President of the Deutsche Bundesbank, visited the MIT Media Lab to discuss the potential launch of a digital euro for the eurozone. During the meeting, titled “Digital Euro: Vision, Advancements, and Challenges,” Dr. Nagel shared his insights on the need for a digital currency in the eurozone, the technological and policy hurdles that need to be overcome by the European Central Bank, and the current progress on plans to introduce this new type of public money. Dr. Neha Narula, Director of the MIT Digital Currency Initiative, also participated in the discussion, delivering a speech and engaging in a fireside chat.
a Narula, director of the MIT Digital Currency Initiative, for a speech and fireside chat.
