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CBDCs only solution to ‘smooth continuation’ of the monetary system: ECB

08/19/2022

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2022.08.19 17:18

CBDCs only solution to ‘smooth continuation’ of the monetary system: ECB

The European Central Bank (ECB) said that the introduction of digital cash in the form of central bank digital currencies (CBDCs) appears to be the “only solution” that will guarantee a “smooth continuation” of the current monetary system.

The comments were made as part of an ECB working paper series, published this month, discussing monetary policy and financial stability as it relates to CBDCs and gathering insights from 150 academic papers on the subject.

08/19/2022

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