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Spain’s Central Bank Prioritizes Digital Currency Research
Summary: Spain’s central bank released its strategic plan from 2020 to 2024, which outlines its priorities over the next four years. In addition to analyzing the European Central Bank’s policies and trends within the Spanish economy, Bank of Spain will look into a central bank digital currency (CBDC).The plan says it will study the effect of ...
Spain’s central bank released its strategic plan from 2020 to 2024, which outlines its priorities over the next four years.
In addition to analyzing the European Central Bank’s policies and trends within the Spanish economy, Bank of Spain will look into a central bank digital currency (CBDC).The plan says it will study the effect of negative interest rates on banks, COVID-related stresses on markets, and several other areas.
The plan states: “The implications for the financial system and the economy as a whole of the introduction of a central bank digital currency will be analysed, considering various design proposals and including aspects relating to digital identification.”
By Amy Liu
Tags: Bank,currency,Digital,Spain
Link: Spain’s Central Bank Prioritizes Digital Currency Research [Copy]
