Covid-19 will not result in CBDC issuance, say central bankers

Digital travel

Central bankers do not think Covid-19 will cause central bank digital currency issuance and development to accelerate.

Panellists speaking at Central Banking’s Fintech & Regtech Virtual Summit on September 16 said the decision to launch a CBDC will not be a “short-term” decision.

“The pandemic will not lead to an acceleration of a CBDC. It will take a number of years to analyse whether or not to issue such an instrument,” said an official from a central bank in northern Europe. “A CBDC will

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