CBDCs are a declaration of war against the banking system claims economist

Cointelegraph

Published Nov 04, 2022 05:45PM ET

Updated Nov 05, 2022 07:40PM ET

CBDCs are a declaration of war against the banking system, Richard Werner — development economist and professor at De Montfort University — told Cointelegraph at Web Summit on Nov. 4.

Known for his quantitative easing theory, published almost 30 years ago, Werner is an advocate for a decentralized economy. In an exclusive interview with Cointelegraph's editor-in-chief Kristina Lucrezia Cornèr, he discussed the challenges that surround decentralization, the role of central banks, and how blockchain can help promote transparency in economies.

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