Who Should Provide Central Bank Digital Currency? - 0 views
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John Kiff on 07 Jun 20With this in mind, central banks should champion sCBDC. Let private providers compete in providing some sort of central bank-sanctioned version of digital currency to the masses. The central bank can limit itself to maintaining the back end and offering a degree of regulation. If sCBDC does not work, the central bank's reputation won't be tarnished. And, if sCBDC does take off, the central bank need not worry about its attention being diverted by all the day-to-day concerns of interacting with a retail clientele.