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Cryptocurrency News

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

08/18/2022

Less than a minute

2022.08.18 11:17

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

The European Central Bank (ECB) says 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, which was published in August, discussing monetary policy and financial stability as it relates to CBDCs — gathering insights from 150 academic papers on the subject.

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08/18/2022

Less than a minute