Central bank digital currencies can fix bad policy
News24
25 May 2021, 23:13 GMT+10
More than 85% of the world s central banks are working on central bank digital currencies, according to the Bank for International Settlements. The People s Bank of China has already implemented a digital yuan, and the European Central Bank wants to launch a digital euro by 2025. Federal Reserve Chair Jerome Powell said Thursday that the central bank will launch a centerpiece research paper this summer on a digital currency. The Bank of England is looking into the matter as well.
This week, the SA Reserve Bank confirmed that research into launching its own digital currency as electronic legal tender should be concluded by next year.
Central bank digital currencies can fix bad policy
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Central bank digital currencies can fix bad policy
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