Central banks should consider wholesale digital currency – BdF deputy
Markets’ “tokenisation of financial assets” risks creating disorderly infrastructure, Beau says
Policy-makers should consider creating wholesale central bank-issued digital currencies (CBDCs), the first deputy governor of the Banque de France said.
“My feeling is that, at this stage, the ‘business case’ for pushing a retail CBDC at the scale of the euro area is somehow weak,” Denis Beau told an audience in London on October 15. “The macroeconomic implications of the issuance of a CBDC must be sufficiently well understood and anticipated” before central banks could even consider issuing
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