Data Privacy & Security Data Privacy & Security

Banks shouldn't fear central bank digital currencies, though profits may suffer, BIS chief says

By Fiona Maxwell
  • 31 Mar 2021 09:30
  • 31 Mar 2021 09:24
Banks shouldn't feel threatened by the idea of state-issued virtual currencies, the head of the Bank for International Settlements said today, while admitting that traditional lenders’ profits could be threatened.

Agustín Carstens, general manager of the BIS, called for the private sector to play a “key role” as nations explore the option of

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