CBDCs crucial to safeguarding financial system – panel
Monetary sovereignty and trust in money should be preserved, policy-makers say
Central bank digital currencies will have an important role to play in the financial system as technology evolves, monetary policy-makers have said.
In a panel on the future of digital payments at the Central Banking Meetings, Kuala Lumpur on March 31, central bankers shared their views on how innovations such as CBDCs and stablecoins could shape the financial system.
A panellist from an advanced-economy central bank said CBDCs would be crucial to preserving monetary sovereignty, especially amid
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