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CATEGORY: wholesale

European Central Bank Accelerates Development of Wholesale CBDC Platform
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Feb 21, 2025 05:55

European Central Bank Accelerates Development of Wholesale CBDC Platform

The European Central Bank (ECB) has expressed interest in exploring the potential for a wholesale Central Bank Digital Currency (CBDC) system for payments. This move could revolutionize the way financial transactions are conducted on a large scale. The ECB is looking into the benefits and challenges of implementing a wholesale CBDC system that would be [...]

The post European Central Bank Accelerates Development of Wholesale CBDC Platform appeared first on Crypto Breaking News.

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Retail CBDCs bring unknown ‘consequences’ to financial system: IMF director
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 03, 2023 05:50

Retail CBDCs bring unknown ‘consequences’ to financial system: IMF director

A myriad of unforeseeable “consequences” will be brought about by retail central bank digital currencies (CBDCs), the managing director of the International Monetary Fund (IMF) claimed. The IMF’s Kristalina Georgieva erred on the side of caution regarding retail CBDCs in a May 1 interview at the Milken Institute’s 2023 Global Conference. Georgieva explained the IMF [...]

The post Retail CBDCs bring unknown ‘consequences’ to financial system: IMF director appeared first on Crypto Breaking News.

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