On January 21, 2020, the BIS (Bank for International Settlements) announced that a group of central banks (Canada, United Kingdom, Japan, Sweden, Switzerland and the European Central Bank) will share their experiences as they assess the different cases for launching central bank digital currencies (CBDCs) in their home jurisdictions. This announcement illustrates the growing importance of cross-border spillovers in the CBDC debate. This article summarizes the recent debate on CBDCs and the reasons why it is focusing more and more on global implications.
Continue reading: https://internationalbanker.com/banking/central-bank-digital-currencies-the-cross-border-dimension/
