Danish central bank dismisses central bank digital currency

National Bank of Denmark
Rachael King

The National Bank of Denmark has concluded a central bank digital currency would not result in better payment systems.

“It is difficult to see what central bank digital currency would be able to contribute that is not already covered by the payment solutions that exist today,” the central bank says in a report published earlier this month.

According to the central bank, the Nordic country already has a “secure and effective” payments infrastructure, which provides instant payment options.

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