Central Bank Officials Says Global Financial System Can Be Developed By DLT

During the Massachusetts Institute of Technology Bitcoin Expo 2020, three monetary and cryptocurrency experts debated the challenges and prospects of central bank-issued digital currencies. The panelists agreed that distributed ledger technologies (DLT) could enhance the existing global monetary system. However, they have argued that major challenges which to be the privacy, interoperability, and scalability of blockchains. Therefore the Federal Reserve official urged central banks to consider the risks.

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