Data Privacy & Security Data Privacy & Security

Risk of banks being cast aside by CBDCs is overplayed, central bankers say

By Fiona Maxwell
  • 14 Oct 2021 09:21
  • 14 Oct 2021 09:21
Banks shouldn't fear that the introduction of state-backed virtual money will see them pushed aside or face “digital runs” on their deposits, central bankers said today.

The risk of disintermediation of banks by a central bank digital currency, or CBDC, is overplayed, as the threat of customers removing their funds from

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