We need to recognize the general potential of DLT technology, without being ignorant of related challenges and risks introduced by emerging crypto-assets. European banks support the careful attention that EU institutions are paying to the risks of crypto-assets, e.g. in terms of implications for the monetary policy.
In monitoring the evolution and uses of technology, the ECB respects technological neutrality. We do not serve technology – technology serves us. We will only introduce a digital currency if we become firmly convinced that it is both necessary and proportionate to fulfil our tasks in ensuring the stability of our currency.