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Central Bank Governors: COVID-19 Drives Financial Regulators' Growing Interest In CBDC
Summary: According to the news released by the Central Bank of Russia on Friday, 26 central bank governors meet in Russia to discuss the COVID-19 pandemic and its financial impact. During the meeting, many central bank governors consider coronavirus pandemic as a driving force for people's growing interest in national digital currencies. The epidemic has promoted ...
According to the news released by the Central Bank of Russia on Friday, 26 central bank governors meet in Russia to discuss the COVID-19 pandemic and its financial impact. During the meeting, many central bank governors consider coronavirus pandemic as a driving force for people's growing interest in national digital currencies. The epidemic has promoted the growth of e-commerce and digital settlement technologies. Therefore, financial regulators are increasingly interested in central bank digital currency (CBDC).
Governors emphasize that before launching a CBDC, the central bank should assess its impact on monetary policy and financial stability, develop correct procedures to "avoid and mitigate cyber risks."
By Mary Liu
Tags: CBDC,Central Bank,COVID-19,Pandemic,Russia
Link: Central Bank Governors: COVID-19 Drives Financial Regulators' Growing Interest In CBDC [Copy]
