CBDCs: An Idea Whose Time Has Come?
Almost 50 monetary authorities and central banks are researching and developing wholesale or retail CBDCs. What does 2021 hold in store?
Central bank digital currencies would largely benefit countries if they work together to eliminate traditional banking frictions, a research note said.
Bitcoin maximalists cried foul at the central banker's prognostications.
"Digital nature alone" will not be enough to give any one CBDC an edge as an international reserve asset, the BIS general manager asserts.
Central banks remained adamant private stablecoins do not factor into their CBDC calculus.
The new platform was announced as part of the BIS Innovation Hub's priorities and programs for 2021.