IBM Study: Most Global Financial Firms Think Central Banks Should Issue Digital Currencies

The majority of global financial institutions surveyed believe that central banks should develop central bank-issued digital currencies (CBDCs), according to a joint study by IBM (NYSE:IBM) Blockchain World Wire and the Official Monetary and Financial Institutions Forum (OMFIF) released Oct. 25.

The study includes 21 central banks that participated in the OMFIF’s research between July and September 2017. The reports notes that participants failed to find a compromise on whether governments should issue their own cryptocurrencies, as well as were divided over the associated processes of managing and accessing those CBDCs, tech news media The Next Web notes.

Continue Reading on Coin Telegraph

Like this: Like Loading...