October 15, 2024

The largest central banks will discuss the prospects for the development of digital currency

The largest central banks will discuss the prospects for the development of digital currency

Representatives of the six leading central banks will meet at an IMF conference in April to discuss the prospects for using national digital currencies.

According to the Japan Times, economists are meetingshare the results of their research in this area, as well as share their vision of the potential benefits and risks of using the digital currency of the central bank.

Representatives of the Central Banks of Great Britain, Japan, the European Union, Canada, Sweden and Switzerland will meet as part of a joint research project organized bywith the participation of the Bank for International Settlements.

It is expected that the official report on the results of the April talks will be published only by the end of the year.

Following the announcement of Libra Facebook central banksbegan to study and develop tools that could compete with the global private stablecoin. This not only changed the direction of their rhetoric on this topic, but also led to competition between rival economies.

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