The Lures – And Challenges – Of Central Bank Digital Currencies
PYMNTS
OCTOBER 9, 2020
On the global stage, too, digital currencies should be fungible with one another – a dollar, for example, is worth 0.9 The BIS report issued this week that focuses on “foundational principles” defines a CBDC as “a digital payment instrument, denominated in the national unit of account, that is a direct liability of the central bank.”.
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