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Banks Have To Adjust To The Changes brought By Digital Currency, Says BoE Deputy Governor
Summary: According to Reuters, John Cunliffe, the deputy governor of the Bank of England, said at today's seminar that it is not their job to protect the bank from future digital currencies. "Our job is not to protect bank business models." Cunliffe explained that in the wave of digital currency, "banks will have to adjust. Our ...
According to Reuters, John Cunliffe, the deputy governor of the Bank of England, said at today's seminar that it is not their job to protect the bank from future digital currencies. "Our job is not to protect bank business models." Cunliffe explained that in the wave of digital currency, "banks will have to adjust. Our job is to ensure that if bank business models change, we manage the financial and macro-economic consequences of that."
By Mary Liu
Tags: Bank,Bank of England,CBDC,Digital Currency,John Cunliffe
Link: Banks Have To Adjust To The Changes brought By Digital Currency, Says BoE Deputy Governor [Copy]
