According to the governor of the Bank for International Settlements (BIS), digital currencies will play a key role in updating financial systems.
Agustin Carstens, President of the Bank for International Settlements, said that central bank digital currencies (CBDC) play a key role in innovations in financial systems. private sector these will play a major role in introducing he thinks.
Speaking at a conference in Switzerland today, Carstens said:
“Whether in wholesale form, such as a central bank digital reserve, or retail, such as a digital banknote, these new types of money will be the basis of the financial system of the future I understand it better and better.”
Many central banks around the world are conducting research studies on CBDC in line with the recommendations made by BIS. According to Carstens, in this process, central banks such as The private sector will also play a big role:
“Most customer-facing services will be the responsibility of the private sector. The cybersecurity of these institutions will be crucial in maintaining trust in the system as a whole. There is no need for these studies to be carried out in isolation by different organizations, we can share information. In fact, collaborations between the public and private sectors will play a key role in managing existing and emerging cyber threats.”
Carstens talked about the production of CBDCs in his statements in September. to prepare legislation He called on central banks.