The Bank for International Settlements (BIS) announced that central banks are not yet ready for digital currencies.
According to a report published by BIS this week, central banks central bank digital currencies (CBDC) To combat the risks that may arise sufficient expertise and capability does not have.
The majority of central banks around the world improving payment infrastructure, increasing financial inclusion And reduce transaction costs is investigating CBDCs for various reasons such as. However, according to the BIS report, CBDCs are above the business model followed by central banks. “big impacts” and may lead to some risks.
In the report of the BIS group, which includes the central banks of the USA, Brazil, Canada, Colombia, Mexico, Peru and Chile, “One of the main risks is the possible shortcomings in the internal capabilities and capabilities of central banks.” It was said.
The report states that using distributed ledger technology (DLT), which is the basis of cryptocurrencies, high level expertise required and “technical difficulties” It was emphasized that it could give birth.
Additionally, central banks are advised to reduce the risks of CBDCs. detect, evaluate, monitor and report A call was made for.
BIS group as central banks assess risks of CBDCs careful and realistic He suggested that it be.