“Anything that crypto can do, CBDCs can do better,” BIS Says

“Our broad conclusion is captured in the motto, ‘Anything that crypto can do, CBDCs can do better,’” said Hyun Song Shin, an economic adviser and head of research at the BIS said, during a press briefing on Monday.

In early June, BIS economists published a paper arguing that crypto cannot fulfill the role of money because costly transactions and scalability restrictions lead to the crypto world splitting into competing blockchains and ecosystems.

[Via]

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