“The introduction of central bank-issued digital currencies (CBDC) promises to be a game-changer for central banks. But if and when it happens, it will be a highly complex and disruptive process. Until a major economy actually tries it nobody can be sure to what extent those benefits will materialize, or what unintended consequences there might be.” Solomon Teague, Euromoney journalist, discussing a cashless world and how much power the central banks will have to strengthen negative interest rates.
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