Bank officials From Europe Ponder on CBDC

Officials from European Central Bank have been holding discussion on potential benefits of central bank digital currencies (CBDC). The Chairman of the Bank of Lithuania, Vitas Vasiliauskas said, “The amount of cash in circulation is declining in some countries. This could mean that one day, even if it seems like a distant prospect every single person will have to have an account with a private entity just to make payments. Unfortunately, this may lead to increased levels of financial exclusion.”

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