Emmanuel Moulin: From innovation to monetary sovereignty - striking the right note
Speech by Mr Emmanuel Moulin, Governor of the Bank of France, at VivaTech, Paris, 19 June 2026.
Ladies and Gentlemen,
It is a great pleasure to speak before you today. Let me warmly thank Maurice Levy for his invitation. For a – relatively new – central banker, VivaTech perfectly embodies the dialogue we need between innovators and trusted public institutions, to reconcile innovation with stability, and strengthen European sovereignty. The euro has been a major achievement in this respect and is currently supported by 82% of European citizens.i As technology is now reshaping money itself, our task is to extend the euro into the digital world. In an ecosystem made up of digital payments, tokenised assets and stablecoins, central bank money must remain the anchor of trust. This means that central banks cannot remain on the sidelines: they must help shape monetary innovation, alongside market players. This is a revolution full of promise, but it also raises new challenges for stability, trust and sovereignty.
The message I wish to convey today is simple yet ambitious: innovation is already reshaping the monetary landscape (1), and Europe's strategic response designed to anchor innovation in sovereignty is already underway (2).