CBDCs could protect citizens from e-currency abuse, official says
Central banks need to consider issuing digital currencies or leave citizens vulnerable to market power, said a senior adviser at the Sveriges Riksbank.
Cashless societies could leave payment systems vulnerable to “increasing monopoly power … if there’s no sort of competition from central bank money”, said Hanna Armelius of the Swedish central bank.
In 2018, only 13% of Swedes reported having paid for their last purchase in cash – down from 39% in 2010. That provided strong arguments for
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