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448 BIS: Central bank digital currencies keep up with digitalization trends, but still needs identity and high security

Tech Wire Asia
Jamilah Lim @ Tech Wire Asia 2 place · 07/01/2021 22:50 EDT

BIS: Central bank digital currencies keep up with digitalization trends, but still needs identity and high security

A recent report released by the Bank for International Settlements (BIS) re-asserted their position that central bank digital currencies (CBDCs) can be a good supplement to a competitive monetary system and explored CBDC designs that nations can consider adopting. Monetary systems are fundamentally built on trust in the currency. As such, it opined that CBDCs can... Read more »

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