The emergence of private stablecoins and crypto assets – most notably libra in 2019 and bitcoin in 2008 – have sparked fevered speculation that the role of central bank oversight and management of money might be undermined. As a result, every move by a central bank or comment by a central banker about virtual money sparks a frenzy of headlines about an imminent move to create central bank digital currencies (CBDCs).
The results of Central Banking’s inaugural Central Bank Digital Currency Survey
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