The achievement of the European Central Bank (ECB) in launching the digital euro was successfully blessed by Queen Máxima of the Netherlands in giving full support to the effort.
The Queen commented that the existence of the digital euro was able to ease the burden of the Dutch people with plans to abolish transaction fees and documentation requirements.
It is understood that the statement was discussed virtually when he attended the European conference themed "Towards a legislative framework enabling a digital euro for citizens and for businesses" on November 7.
In general, central bank digital currencies (CBDCs) can support the European Union in reducing the cost of remittances, but those responsible should implement policy reforms and safeguards to address any difficulties.
In that sequence, each public sector functions to play its own role in implementing an inclusive and responsive financial system in order to be able to establish a digital euro that can benefit all European citizens according to Queen Máxima.
In context, Queen Máxima who has been queen of the Netherlands since 2013 uses her own platform to support financial technologies such as CBDC.
In fact, he also served as the United Nations secretary general's special advocate for inclusive development finance.
In the meantime, the Netherlands is reportedly the center for October's Amsterdam Bitcoin conference and policy makers.
On the other hand, US-based crypto exchange platform Coinbase also intends to expand its services to the Netherlands shortly after the country's central bank gave regulatory approval in September.
