A recent interview on the Dutch ‘Betrouwbare Bronnen’ (Reliable Sources) podcast with a member of parlement of the VVD fraction brought us some crypto news.
The People's Party for Freedom and Democracy (VVD) is a conservative-liberal political party in the Netherlands and is a member of the Alliance of Liberals and Democrats for Europe (ALDE).
In this interview VVD member ‘Malik Azmani’ could not give a good answer about the so called Crypto Euro which is mentioned in the VVD’s election program.
He literally answered ‘It is in the election program that one wants this', and on the why-question he replied in the reliable sources podcast: 'You have to ask the election committee'
And asking the Election Commitee about the Crypto Euro, is what the people from ‘Das Kapital’ magazine did.
VVD thinks the technology behind the crypto coins is promising, and wants to give the people a safe opportunity to ‘smell’ this technology.
The crypto-euro then becomes an addition to the euro, in which the VVD still has a lot of confidence. Because they think private crypto coins such as bitcoin are still far too volatile, the ECB is going to issue such a crypto-euro. In this way, the ECB can then determine the total amount of crypto-euros, just like the total amount of euros.
Is that a 100% safe like a savings account with a central bank? No, says the VVD, the ECB publishes them and those crypto-euros can then be charged to private banks.
In other words, the VVD election commitee has no idea what crypto really is, and what is ‘going on’ in the crypto community, but (as the opportunist leeches they are) they want to ride the blockchain wave, with a centralized coin, issued by the European Central Bank.
There’s also no mention if this crypto euro will be a stablecoin (alongside the euro) or not, logically you would think so, because then, this could be the alternative to #tether that people are longing for, a crypto backed by the ecb. True Crypto Anarchist would hate for this to happen, and will evade this crypto euro like the plague. Because of many, many reasons.
This crypto euro will then fall in the CB digital tokens (general purpose) category, according to the bank of international settlements.
Links,
Podcast
https://art19.com/shows/betrouwbare-bronnen/episodes/4e522185-a710-48f9-8f14-0bc8028ad205
Article
https://www.daskapital.nl/5152299/eindelijk-dit-wil-de-vvd-met-de-crypto-euro/