DNB abandons digital currency initiative to focus on blockchain

Netherlands Bank
Rachael King

The Netherlands Bank (DNB) has abandoned its plans for a central bank digital currency to focus its efforts on discovering whether blockchain could be used for payments and settlement.

Speaking to Central Banking, the DNB’s head of market infrastructure policy says the central bank believes blockchain can be used to build better infrastructure than what is available now – but using it “will not be an easy task”.

“It can enable a better resilience for existing infrastructures against cyber

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