Central bankers cast doubt on utility of CBDC
“Element of Fomo” drives projects on even when purpose is unclear and resources lacking
Central bank digital currencies could struggle to find an audience, two senior experts in the field say.
In interviews at the conclusion of the Central Banking Spring Meetings, the experts indicate that a lack of appropriate infrastructure and market knowledge could hobble retail CBDC projects.
Stephen Mwaura, the former head of the National Payments System at the Central Bank of Kenya, says there is a need to conduct thorough research on the business case for CBDC in different countries and
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