The General Manager of the Bank for International Settlements (BIS) recently spoke about CBDCs, saying that they could be highly beneficial.
The Bank for International Settlements (BIS) published a new document on March 31 offering suggestions on Central Bank Digital Currencies (CBDC). Titled “Central Bank Digital Currencies: Putting a Big Idea into Practice,” it covers various ideas related to the type of asset.
BIS General Manager Agustin Carstens made the remarks during a speech at the Peterson Institute for International Economics (PIIE) in Basel, Switzerland. He begins by noting that banks around the world are deploying resources into CBDC development, citing China and the US.