2018-6-28 17:10 |
According to the latest report published by economic researchers from the KIEL Institute of World Economy, the issuance of digital currencies by a central bank would prove to be more beneficial for a healthy and stable financial system.
In this report, which was published on Tuesday, June 26, the KIEL researchers have differently classified virtual currencies from cryptocurrencies like Bitcoin, Ethereum and others.
The report goes to state that cryptocurrencies are not an appropriate alternative to Central Bank Digital Currency (CBDC).
The report further goes to mention that digital currencies can provide a huge opportunity to the central banks even if they might cause “disruption” in the traditional banking system.
The Bank of Thailand and the Central Bank of Bahamas are already experimenting with this concept.
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