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19.12 - 13:41
Central Banks Test CBDC as 'Multiple Assets and Currencies' Coming For Them
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Competing systems for settlement of “multiple assets and currencies” may emerge, and it is the job of central banks to ensure the maintenance of “equitable access” to central bank-issued money, a new report from the Bank for International Settlements (BIS) has said.
“In the future, multiple settlement platforms could emerge, with multiple assets and currencies,” the report said, and “central banks would want to ensure that equitable access to central bank money is maintained, guided by objective criteria.”
The apparent admission from the BIS – often referred to as the central bank of central banks – came in a report that summarized findings from its own experimentation with cross-border settlement of central bank digital currencies (CBDCs),
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