BIS Flips on Digital Currencies As 2020 Report Highlights Rapid Rise of Central Banks Testing New Tech

The Bank for International Settlements (BIS) is changing its position on central bank digital currencies (CBDCs), which are new forms of digital money issued by governments. They leverage digital ledger technology, which underpins cryptocurrencies, to create digital representations of traditional fiat currencies. These currencies are designed to be portable and instantly transferrable, moving money seamlessly […]The post BIS Flips on Digital Currencies As 2020 Report Highlights Rapid Rise of Central Banks Testing New Tech appeared first on The Daily Hodl.