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But there are risks, some of the new players are outside the financial system's regulatory guardrails, and their new currencies could pose challenges in areas such as illicit finance, privacy, financial stability and monetary policy transmission.
Found on Reuters 4 years ago
By transforming payments, digitalization has the potential to deliver greater value and convenience at lower cost.
Found on Reuters 4 years ago
In the United States no less than in other major economies, the public sector needs to engage actively with the private sector and the research community to consider whether new guardrails need to be established, whether existing regulatory perimeters need to be redrawn, and whether a CBDC would deliver important benefits on net.
Found on Reuters 4 years ago
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