Bank Of International Settlements: Central Banks Should Consider Developing CBDCs Because Of The Spread Of Coronavirus

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BIS has issued a report arguing in favor of central bank digital currencies (CBDCs) and digital payments amid the COVID-19 pandemic. In particular, the report highlights a significant adverse change in consumer attitudes regarding the use of cash in response to the World Health Organization (WHO) warning about the spread. COVID-19 via banknotes.

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