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CBDCs may risk Commercial Banks reports the Bank of England

CBDCs may risk Commercial Banks reports the Bank of England

Crypto Market News England

Bank of England has exposed a May 2018 staff working paper emphasizing the adoption of central bank-backed digital currencies (CBDCs) could impose a risk to commercial banks. The paper highlights a ‘radical idea’ that the public could store their money in the form of central bank-backed digital currencies with the central bank.

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