Brazil Central Bank President said CBDCs could eventually speed up international transactions and make them more efficient.
Brazil's central bank President Roberto Campos Neto sees one problem that is yet to be solved in the distributed ledger technology space as governments around the world experiment with the implementation of central bank digital currencies — bridging the delicate balance between open networks and privacy.
Campos Neto said that CBDCs could eventually speed up international transactions and make them more efficient, without the need for a common currency, "Our digital currency in Brazil is just a token, issued out of a deposit. So a bank blocks that deposit and issues a token on it. What's the advantage of that? Well, first it's much simpler and cheaper. Second, if you think about regulation, you don't need to do almost anything because you already have regulation for deposits. So this is just a digital deposit. So it inherits the regulation that you already have in place.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
European Central Bank Moves Forward on CBDC Project After Concluding 2-Year Research PhaseCrypto Blog
Weiterlesen »
Central and Western District, Central and Western, Hong Kong Weather ForecastCentral and Western District, Central and Western, Hong Kong Weather Forecast, with current conditions, wind, air quality, and what to expect for the next 3 days.
Weiterlesen »
China to bolster economic recovery and curb risks, central bank head saysChina will promote a sustained economic recovery, focusing on expanding domestic demand, while fending off financial risks, People's Bank of China Governor Pan Gongsheng said in a report published on Saturday.
Weiterlesen »
Analysis-Time for central bank digital currencies to prove their worthAnalysis-Time for central bank digital currencies to prove their worth
Weiterlesen »
Analysis: Time for central bank digital currencies to prove their worthA milestone move by the European Central Bank toward launching a digital euro within a few years means the time has come for the newest incarnation of money to prove its worth.
Weiterlesen »
Turkish central bank expected to raise rates to 35% on Oct. 26Turkish central bank expected to raise rates to 35% on Oct. 26
Weiterlesen »