The CBDC juggernaut keeps on rolling, at least as a concept, if not as an established solution. The concept has crushed most of the opposition to it in many central bank circles. The central bankers are letting loose with a flurry of papers. There are several to study and examine since the beginning of October. Most of them look at CBDC through the lens of the closest analogy that we have: cash. The differences and possibilities beyond cash are what they focus on. In other words, they want to promote the virtues of cash and suppress its maleficent effects. This report issued by the BIS in collaboration with many other influential central banks, is no exception.
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