Global | Roadmaps for digital currencies
Published on Monday, October 19, 2020
Global | Roadmaps for digital currencies
The BIS, the ECB and the BoJ have published guidelines on the development of potential digital currencies. Monetary authorities are wary of a foreign—or poorly regulated—digital currency suddenly dominating the domestic means of payment. A CBDC would be one of the possible solutions to confront such a threat.
Key points
- Key points:
- The reports effectively condense the prolific debate of recent years, bringing together the concerns raised by all parties while reaffirming their commitment to moving forward with both resolve and caution.
- It is essential to properly manage a series of well-known risks that are too complex to predict accurately.
- As such, the reports underscore one of the maxims of digital innovation: progress shall be incremental and iterative, so as to experiment, learn… and make the necessary adjustments along the way.
Documents to download
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Press article (PDF)
Alejandro_Neut_Hojas_de_ruta_para_las_monedas_digitales_Expansion_WB.pdf Spanish October 19, 2020
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