BIS Reveals Game-Changing CBDC Blueprint: A Privatized and Controlled Crypto Revolution

By Lola Coin Jun 25, 202373Views

The Bank for International Settlements (BIS) has released its blueprint for the future of central bank digital currencies (CBDCs) in its annual economic report. The BIS acknowledges the potential of tokenizing fiat currency but emphasizes the need for a privately controlled and unified system to make it a reality. The report criticizes the crypto industry’s push for decentralized systems and argues that crypto lacks the trust and anchor provided by central banks. The BIS also criticizes the banking industry’s attempts to create privatized and centralized blockchain systems, which have resulted in disjointed “silos” that cannot communicate effectively. The organization’s CBDC blueprint aims to foster a system that enables seamless transfer of value between banks worldwide, utilizing a unified ledger and leveraging trust in central banks.

Continue reading on Dailyhodl.com

Read Disclaimer

This content is aimed at sharing knowledge, it's not a direct proposal to transact, nor a prompt to engage in offers. Lolacoin.org doesn't provide expert advice regarding finance, tax, or legal matters. Caveat emptor applies when you utilize any products, services, or materials described in this post. In every interpretation of the law, either directly or by virtue of any negligence, neither our team nor the poster bears responsibility for any detriment or loss resulting. Dive into the details on Critical Disclaimers and Risk Disclosures.