COVID-19 is accelerating the pace towards a functioning central bank digital currency (CBDC), the co-chair of a central banks’ working group has said. “There is little evidence that cash transmits the virus, but COVID-19 has caused an unprecedented experiment in digitalisation across our lives,” Benoît Cœuré said last week. “COVID-19 will be remembered by economic historians as the event that pushed CBDC development into top gear.”
Continue read: https://www.globalgovernmentforum.com/central-bank-digital-currency-developments-hit-top-gear-amid-coronavirus/
