CBDC could fuel banks during Financial Stability

CBDC could fuel banks during Financial Stability

The Bank of International Settlements (BIS) voiced that the central bank-backed digital currency (CBDC) could aid banks in financial stability. The BIS is of the opinion that the digital currency would be ‘useful for payments’ and the full potential should be analyzed. The bank also had a positive view of blockchain tech but emphasized it is ‘unlikely to be used widely by banks.’

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