• Home
  • Login
  • Register
Currency Insider
  • Home
  • Reading Library
  • CBDC Think Tank
SUBSCRIBE
No Result
View All Result
Currency Insider
  • Home
  • Reading Library
  • CBDC Think Tank
Currency Insider
No Result
View All Result

Central Bank Digital Currencies Pose a Threat to Private Banks, Says Philadelphia Fed

by CBDC Insider Staff
June 6, 2020
in Business, US
Reading Time: 1min read
0
Central Bank Digital Currencies Pose a Threat to Private Banks, Says Philadelphia Fed
Share on FacebookShare on Twitter

RELATED STORIES

Digital Yuan Sales During Lunar New Year Up From Last Year, Online Retailers Say

Digital Yuan Sales During Lunar New Year Up From Last Year, Online Retailers Say

February 2, 2023
Kotak Mahindra Bank Implements RBI’s First Phase of Digital Rupee

Kotak Mahindra Bank Implements RBI’s First Phase of Digital Rupee

February 2, 2023

The Federal Reserve Bank of Philadelphia has warned that central bank digital currencies (CBDCs) are a threat to private banks. In a latest report published by the Fed, the agency said the introduction of CBDC would cause the central bank to become a deposit monopolist. What this means is that, the central bank would be attracting all deposits away from the commercial banking sector.

Continue read: https://cryptopress.news/central-bank-digital-currencies-pose-a-threat-to-private-banks-says-philadelphia-fed/

Previous Post

China’s central bank to step up evaluation of financial risks amid coronavirus

Next Post

Central bank digital currencies could drive ‘fundamental shift’ in banking sector: Philadelphia Fed paper

Next Post
Central bank digital currencies could drive ‘fundamental shift’ in banking sector: Philadelphia Fed paper

Central bank digital currencies could drive ‘fundamental shift’ in banking sector: Philadelphia Fed paper

© 2022 CBDC Insider

No Result
View All Result
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
  • Login
  • Register