Time to ‘future-proof’ central banks – Sibos panel

crypto-coins

Central banks need to “future-proof” themselves in case central bank digital currencies (CBDCs) are widely adopted in the future, an official from the Hong Kong Monetary Authority said on October 12.

Howard Lee, deputy chief executive of Hong Kong’s central bank, discussed the evolving digital money landscape alongside peers and members of industry during the annual Sibos conference.

“You don’t know if [CBDC issuance will be] three years down the road, five years down the road, or further down

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