Central banks detail CBDC expectations in massive joint document
Cointelegraph
Published Oct 09, 2020 03:00AM ET
Updated Oct 09, 2020 04:40AM ET
With Central Bank Digital Currencies a point of focus across the globe, a number of countries' banking authorities have jointly produced a document discussing the currency type at length.
The Bank for International Settlements told Cointelgraph in a statement that a group of seven central banks and the BIS had collaborated on the report, "identifying the foundational principles necessary for any publicly available CBDCs to help central banks meet their public policy objectives." The BIS is a global institution helping out national central banks.
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Written By: Cointelegraph
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