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BIS: Central bank digital currencies keep up with digitalization trends, but still needs identity and high security By A recent report released by the Bank for International Settlements (BIS) re-asserted their position that central bank digital currencies (CBDCs) can be a good supplement to a competitive monetary system and explored CBDC designs that nations can consider adopting. Monetary systems are fundamentally built on trust in the currency. As such, it opined that CBDCs can open a new monetary channel based on trust in central banks.  Given how the world is rapidly digitalizing with rising consumer trends towards digital forms of payments, a digital representation of money such as CBDCs can “better capture public interest”. 

Hyun song shinHead of researchInternational settlementsEconomic adviserAnnual general meetingAnnual economic reportBig techSoutheast asiaயுங் பாடல் தாடைதலை ஆஃப் ஆராய்ச்சிசர்வதேச குடியேற்றங்கள்ஆண்டு ஜநரல் சந்தித்தல்ஆண்டு பொருளாதார அறிக்கைபெரியது தொழில்நுட்பம்தென்கிழக்கு ஆசியா