BIS Calls for Central Bank Digital Currencies Amid Coronavirus Pandemic
Cointelegraph
Published Apr 05, 2020 12:00AM ET
Updated Apr 06, 2020 02:00AM ET
The Bank of International Settlements (BIS) has issued a report arguing in favor of central bank digital currencies (CBDCs) and digital payments amid the COVID-19 pandemic.
The bulletin published by the BIS, a 600-member international financial institution representing the central banks of 60 countries, urges central banks to consider developing CBDCs in light of concerns regarding the spread of coronavirus through existing payment methods.
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Written By: Cointelegraph
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