CoinVoice recently learned that according to Cointelegraph, Piero Cipollone, a member of the Executive Board of the European Central Bank, proposed the concept of European ledger to unify the European digital asset ledger in order to centralize Europe's digital assets and funds in one place, thereby improving efficiency and synergy. He said that Europe's traditional capital markets are fragmented and need to overcome uncoordinated legislation, but there is an opportunity to create a unified platform for digital assets. He called the platform the Digital Capital Markets Alliance.
Cipollone said more than 60% of banks in the European Union are exploring or experimenting with distributed ledger technology (DLT), while another 22% are already using it. He told a seminar hosted by the German central bank that while DLT offers an opportunity to create financial integration, it does not guarantee it. On the contrary: "Non-interoperable technology ecosystems in each country or region, formed by different national or regional regulatory regimes, have created isolated asset liquidity pools, further exacerbating fragmentation." [Original link]