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Bitcoin encourages advances in central bank digital currencies, says financial institution

by CBDC Insider Staff
July 22, 2020
in Central America
Reading Time: 1min read
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Bitcoin encourages advances in central bank digital currencies, says financial institution
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The Bank of Spain (BDE) acknowledged that Bitcoin has encouraged institutions to move forward in discussions about issuing a Central Bank Digital Currency (CBDC).
Thus, according to the BDE, through recently published research, the BTC “forced” banks to propose “an orderly discussion” on this subject.
In the document, the BDE sought to review the reasons that justify the issuance of a CBDC. In addition, it made a preliminary analysis of the main implications that the issue of this type of currency could have for central banks.

Continue read:https://bitcoindynamic.com/news/bitcoin-encourages-advances-in-central-bank-digital-currencies-says-financial-institution/

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