CBDCs, Not Crypto, Will Be Cornerstone of Future Monetary System, BIS Says

CBDCs, Not Crypto, Will Be Cornerstone of Future Monetary System, BIS Says


The BIS, an association of the world’s major central banks, dedicates a 42-page chapter in its 2022 Annual Economic Report to laying out a blueprint for the future of the global monetary system. In that vision, there is room for only some of crypto’s underlying technical features, like programmability and tokenization, not for cryptocurrencies themselves.

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