As countries around the world race to launch a
After dropping its own CBDC-related project years ago, Finland appears to support a pan-European digital currency. In August 2022, Bank of Finland governor Olli Rehn promoted the adoption of a digital euro functioning in tandem with private fintech solutions to conduct cross-border payments in Europe.
The whole world is now keeping an eye on CBDCs and no country is ignoring the new financial phenomena — even those who have already set aside their own CBDC plans. While it’s still to be seen how various CBDCs will actually play out, it’s also important to draw lessons from past experiences, with many central banks stressing the importance of coexistence between CBDCs and the private financial sector.
