Tag: Central Banks

Central banks around the world are preparing to introduce their own digital currencies: blockchain-based, but under government control. At this point there are very few actually existing CBDCs in use, but among them is the digital yuan, which is already quite significant. There was an interesting story at the end of May, as multiple media…

Central bankers are trying to reduce fears that their efforts to develop digital currencies (CBDC) might take business away from commercial banks. Benoit Coeure, the head of the Bank for International Settlement’s Innovation Hub, said in Stockholm on Wednesday that commercial lenders should consider central bank digital currencies (CBDC)  “as an opportunity that will enable…