Altcoins Talks - Cryptocurrency Forum
Further Discussions => Banks & Cryptos => Topic started by: Tnoy30 on June 24, 2020, 02:25:35 PM
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The Bank for International Settlements expects the COVID-19 crisis’ impact on retail payments to have a positive effect on central bank digital currency development.
The Bank for International Settlements (BIS) expects the COVID-19 crisis’ impact on retail payments to have a knock-on effect on the development of central bank digital currencies (CBDC).
The BIS is an organization based in Switzerland made up of 60 of the world’s central banks, and has previously released a number of major reports focused on both decentralized cryptocurrencies and CBDCs. As distinct from cryptocurrencies, CBDCs are digital currencies issued by a central bank, whose legal tender status depends on government regulation or law.
Read on: https://cointelegraph.com/news/bis-expects-covid-19-crisis-to-boost-cbdc-development-worldwide