Central bank money and private payments must co-exist – CPMI
BIS committee sets out four policy roles for monetary authorities as payments landscape evolves
As payment systems undergo profound change, the combination of central bank money and private means of payment and settlement assets should be maintained, the Bank for International Settlements’ committee on payments and market infrastructures (CPMI) has said.
In a report published on October 29, the CPMI outlines the developments taking place in the payments ecosystem. These, it says, relate to “the demand for faster, always-on, digital and cross-border payments; the actors involved; and the
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