BIS Chief: Central Banks May Issue Digital Currencies ‘Sooner Than We Think’
After issuing comments and reports heavily critical of cryptocurrencies over the last few years, Agustin Carstens, chief of the Bank for International Settlements (BIS), has acknowledged that central banks will likely soon need to issue their own digital currencies.
Top Five (5) Blockchain Technology Use Cases For Central Banks
The coming of Bitcoin, Altcoin and blockchain technology has met with so much criticism in the early days. The new innovations these digital currencies came with were hugely criticized especially by financial institutions and central banks in general.