Central-bank digital currencies are becoming more and more popular all over the world.
Many central banks are looking into this new asset class for the future but as these banks and financial institutions look into the future of this technology, bitcoin and Facebook’s libra could still find a place to be a part of the future when money becomes purely digital.
Central-bank digital currencies are becoming more and more popular all over the world. Many central banks are looking into this new asset class for the future but as these banks and financial institutions look into the future of this technology, bitcoin and Facebook’s libra could still find a place to be a part of the future when money becomes purely digital. This comes from the reserve bank of India former governor, Raghuram Rajan.
Almost every single major bank in the world is looking into this new asset class, the Bank of England and the bank of Thailand, even the Federal Reserve, are showing interest in these new cryptocurrencies. Even though the People’s Bank of China has already piloted its own central-bank digital currency, nothing major is going on as of yet.
Continue read: https://cryptodaily.co.uk/2020/08/what-would-the-rise-of-cbdcs-mean-for-bitcoin
