The main central banks announce cooperation to discuss possible cases of issuance of their own cryptocurrency
The main central banks are intensifying the cryptocurrency issue. According to the Reuters report, banks in Britain, Japan, Sweden and Switzerland will join a dedicated group to discuss possible cases of issuance of their own cryptocurrency.
The statement came from a statement from the Bank of England and the European Bank. The group will be chaired by former ECB official Benoit Coeure.
The news about cryptocurrencies issued by the central bank are increasingly consistent. However, the opinion of different institutions regarding the concept seems quite controversial.
A few days ago, the president of the Central Bank of Germany, Jeans Weidmann, said they need to slow down with the regulations on the digital digital euro ’and the Facebook Libra project. Australia also said that there is currently no such digital currency.
On the other hand, there are several countries like Korea and Russia. The director of the Central Bank of Russia, Elvira Nabiullina, said recently that she plans to take steps to create her own digital currency. In addition, he also revealed that they began testing in a regulatory enclosure.
At the same time, the Bank of Korea organized a working group to investigate a cryptocurrency for the Central Bank.
It is not known whether creating a CBDC would be a good thing for existing cryptocurrencies, the fact is that blockchain-based technology and digital assets based on it are receiving serious recognition. In addition, it comes from established institutions, which further legitimizes their use cases.