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Coin

<ul class="news-points"> 
 <li>Bank of International Settlements’ general manager Agustin Carsten has called for CBDC legal structure across countries.</li> 
 <li>In a recent speech published on the bank’s website, Carsten discussed the benefits of CBDC.</li> 
 <li>According to BIS’ 2022 survey, 93% of central banks were actively involved in various CBDC initiatives.</li> 
</ul> 
Earlier today, Agustin Carstens, the general manager of the Bank for International Settlements (BIS) stated that all nations should establish legal facilities that facilitate the implementation of <a href="https://coinedition.com/tag/cbdc/" rel="noopener noreferrer nofollow">central bank digital currencies (CBDCs)</a>. According to a <a href="https://www.bis.org/speeches/sp230927.htm" target="_blank" rel="noopener noreferrer nofollow">speech</a> published on the official BIS website, Carstens had quoted: 
<blockquote class="wp-block-quote"> 
 “Wholesale CBDCs have vast potential in the areas of automation and risk mitigation. They could in effect make central bank money programmable, for example by providing that settlement will occur if and only if certain conditions are met.” 
</blockquote> 
In the speech, Carstens emphasized the significance of CBDCs, citing that wholesale CBDCs would also enable the advancement of more intricate retail financial products, such as tokenized deposits. Moreover, CBDCs resemble the contemporary two-tier banking system, in which central bank… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/bank-of-international-settlements-gm-calls-for-legal-cbdc-framework/">Bank Of International Settlements’ GM Calls For Legal CBDC Framework</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Bank Of International Settlements’ GM Calls For Legal CBDC Framework

Coin Edition

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