Risk Management

Bank of England cautious on CBDCs due to lingering uncertainties

By Justin Pugsley
BRR fallback image

Crypto instruments could disintermediate conventional financial institutions and central banks, which has consequences for financial stability. The risk leaves policy-makers in a bind, as they want to capture the benefits of crypto without endangering financial stability or surrendering sovereignty over their currencies. 

On June 5, the G7 nations called for ...

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