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Bank for International Settlements Calls CBDCs a Potential ‘Sea Change’

Published 06/24/2020, 07:00 AM
Updated 06/24/2020, 08:40 AM
Bank for International Settlements Calls CBDCs a Potential ‘Sea Change’

In advance of its coming annual report, on June 24 the Bank for International Settlements released a special chapter from that report on digital payments — especially central bank digital currencies, a topic that’s attracted tremendous interest in recent months.

The report encourages central banks to treat CBDCs as their future, saying: “One option at the frontier of policy opportunities is the issuance of CBDCs, which could amount to a sea change.”

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