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Regulated and consumer private tokens are properly regulated by their issuers and are better than national digital currencies (CBDCs). This was specified by the administrator RBA Philip Low
Regulated and consumer private tokens are properly regulated by their issuers and are better than national digital currencies (CBDCs). This was specified by the administrator RBA Philip Low writes to Reuters.
During the Financial G20 conference, the official explained that unlike the government, the private sector is better at innovating and improving the functionality of tokens. He added that the central bank would incur “significant costs to create a CBDC.”
Eddie Yue, chairman of the Hong Kong Monetary Authority, joined Lowe. He urged careful scrutiny of the work of stablecoins to mitigate the risks posed by DeFi protocols.
“Despite Terra-Luna incidentCryptocurrencies and decentralized finance will not disappear. The technologies and innovations behind them will shape the system of the future.” – explained the officer.
Remember in June 2022 BIS He called the CBDC the foundation of the monetary systems of the future.
Earlier, Australian Finance Minister Josh Frydenberg said that the country will issue its own digital currency. Recall that the RBA participated in the Dunbar project to test cross-border settlements in the CBDC under the auspices of the Bank for International Settlements.
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I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
