Central banks of the USA, UK, Canada, and Japan have released a joint report assessing the feasibility of central bank digital currencies.
A group of major central banks from some of the biggest global economies have released a joint report assessing the feasibility of central bank digital currencies (CBDCs). The seven partnered with the Bank for International Settlements (BIS) on the report, which seeks to offer insight into what is needed for a central bank to roll out a CBDC.
The European Central Bank, the Bank of Canada, the Federal Reserve, the Swiss National Bank, Sweden’s Sveriges Riksbank, the Bank of England, and the Bank of Japan all worked together to compile and publish the report.
“CBDC’s ability to coexist with cash and other types of money.”
The central banks of these major countries are seeking to identify the principles necessary for any CBDC, to help other central banks around the world to meet their public policy objectives. Read More