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Central bank digital currencies, crypto will coexist: experts Central bank digital currencies, cr. But looming regulations on crypto assets might change landscape, experts say at webinar co-hosted by The Investor and ANN Government-backed coins and private cryptocurrencies will coexist for a while, despite rising regulatory walls set by the government to counter virtual coins, experts at a global webinar session said Thursday. Noting that cryptocurrencies and digital currencies by governments are “two different animals,” they will coexist for now partly because current cryptocurrencies are not actually solving payment problems. “How many of them (cryptocurrencies) are solving actual payment problem? Most of them are speculative and used as a means of storage,” said Nelson Chow, chief fintech officer of the Fintech Facilitation Office at the Hong Kong Monetary Authority.

United arab emiratesSouth koreaHong kongAndrew shengJohn kiffmeisteByun hye jinKevin werbachNelson chowPeople bankInternational monetary fundFintech facilitation officeCentral bankAsia news networkWharton school of the university pennsylvaniaHong kong monetary authorityHong kong monetary