Legal fog over central bank digital currencies 'unacceptable', BIS warns
LONDON - Developing national digital currencies are at risk due to a lack of legal powers to issue them in most of the world, the head of the global central bank umbrella body, the Bank for International Settlements, warned on Wednesday.
"This needs to be rectified," the BIS' general manager Agustin Carstens said in a speech."The public rightly demands forms of money that meet their needs and expectations." Some 11 countries have already launched them and next month the European Central Bank is expected to receive the green light to start work on a digital euro.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Countries Should Set Up Legal Frameworks to Support CBDCs: BIS ChiefIt is unacceptable that unclear or outdated legal frameworks could hinder their deployment, Agustin Carstens general manager of the Bank for International Settlements said.
Weiterlesen »
BIS wants countries to set up legal frameworks to support CBDCsCountries need clear and updated legal frameworks for deploying CDBCs, the Bank for International Settlements said.
Weiterlesen »
Wall St slides over 1% as Treasury yields hover at 16-year peaks By ReutersWall St slides over 1% as Treasury yields hover at 16-year peaks
Weiterlesen »
Canada says it will launch review of proposed Bunge-Viterra merger By ReutersCanada says it will launch review of proposed Bunge-Viterra merger
Weiterlesen »
Instacart shares close below IPO price for first time By ReutersInstacart shares close below IPO price for first time
Weiterlesen »
Japan maintains modest economic recovery view, raises corp profits assessment By ReutersJapan maintains modest economic recovery view, raises corp profits assessment
Weiterlesen »