If banks want to retain their customers, then they will have to start working with digital currencies.About this inJohn Cunliffe, deputy of the Central Bank of Great Britain, told Reuters.
The mass introduction of regulated digital currencies is politically inevitable, so banks will need toadapt to the new market situation.
Cunliffe said:
"Our job is not to protect the banking system.Our task is to ensure a change in the banking model, with all the macroeconomic consequences."
The launch of THE CBDC poses certain risks for commercial banks.This is due to the fact that the holders of tokens will losethe need to involve intermediaries in the processing of operations.
These intermediaries are now the banks, which are challenged.However, to displace them from the market tokens of the Central Bank are unlikely to be able toin the near future, as credit organizations continuewas the key institutions of the modern financial system.
Note that the leadership of the Bank of England is extremely negative about bitcoin and other decentralized cryptocurrencies.
Recently, the head of the Central Bank, Andrew Bailey, said that BTC — This is a volatile instrument that grows in price only due to the influx of new investors.
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