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ECB’s Benoit Coeure to Lead Central Banking Digital Currency Initiative

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Benoit Coeure, outgoing member of the executive board of the European Central Bank (ECB), is to lead a new global effort by central banks to research the benefits of fintech such as digital currencies.
The Bank for International Settlements (BIS) announced the news on Sunday, saying that Coeure will take on the role of head of the BIS Innovation Hub, “set up to foster international collaboration among central banks on innovative financial technology.” The post is initially for a five-year term starting in January 2020.
Coeure said in a statement:
“I am very happy to be joining the BIS. I look forward to bringing my expertise to the global central banking community at this time of rapid technological change. We must make the best use of innovation to support financial stability and promote financial inclusion.”