</span>will discuss the prospects for issuing CBDC”src=”/wp-content/uploads/2020/08/235b816c7da2bcbeb33826bb3849bb26.png” alt=”The Central Banks of England, Switzerland and Hungary will discuss the prospects for issuing CBDC” /></p>
The independent think tank OMFIF organizes a meeting for specialists from the Central Banks of England, Switzerland and Hungary. On August 19, they will discuss possible prospects for issuing national cryptocurrencies.
The reason for the meeting is the launch of CBDC (digital currencies from central banks). Many experts emphasize that CBDC can become an alternative means of payment.
“It's time to discuss the advantages and disadvantages of ideas for building new financial infrastructures. It is important to understand how the new tools will interact with each other. ", - said the CEO of the popular fintech project Cypherium Sky Guo.
During the meeting, each side presents its ownresearch into the possibilities of national cryptocurrencies. Among the obvious reasons for the roundtable is pressure from private business. One of which is the giant Facebook and the launch of Libra.
Recall that back in 2018, teams of analysts from the Bank of England provided options for implementing such a project. After all, the Central Bank of England sees no threat from BTC and other cryptocurrencies.
Swiss authorities favor wholesale CBDC
The largest central banks will discuss the prospects for the development of digital currency
A group of central banks and BIS will discuss the possibility of issuing state cryptocurrencies in April
G20 countries discuss CBDC sovereign digital currencies topic
Japan is exploring the prospects of issuing state cryptocurrency
Bank of England Chief Cashier Supports Digital Pound Issue