April 22, 2020 Dutch Central Bank publishes a CBDC study, arguing for a pro-CBDC position and indicating a willingness to lead Eurozone CBDC developments.

De Nederlandsche Bank, the central bank of the Netherlands, has issued a full-length report and auxiliary memo intended to contribute to the social debate around central bank digital currencies (CBDCs). In its documents, the central bank states that physical cash is evidently declining within the Netherlands, suggesting that central banks should develop digital alternatives to respond to citizens’ and businesses’ demands. Beyond this, the bank affirmed that a CBDC initiative would increase competition within the payments markets and increase the efficiency of cross-border payments while simultaneously augmenting trust in central banking authorities. The institution went on to say that it is “ready to play a leading role” in any such initiatives that emerge from the European Central Bank (ECB).