As a next step, the European Parliament and the Council agreed on the EUR 100 billion SURE instrument proposed by the European Commission.
2/4  BIS central bankers' speeches  Innovation in information technology and central bank payment and settlement systems Meanwhile, innovation in information technology is making the cost of handling cash more visible. In addition, while virtual currencies such as Bitcoin have emerged under the trend of FinTech, some people argue that central banks should consider issuing digital currencies, which could partially replace banknotes.