Bank profits at risk from potential CBDC transformation of global economy: Moody’s

by Aurelia Butler 23 March 2023, 22:40 169 Views

Many proposals for the domestic use of CBDCs foresee a crucial intermediating role for banks in their operations, but cross-border CBDC transactions would depend on entirely new infrastructure that reduced the role of banks more severely, Moody’s pointed out. Banks would see benefits from the new technology, too. Settlement risk could be reduced or eliminated:

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Source: Cryptocurrency - investing.com

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Bank profits at risk from potential CBDC transformation of global economy: Moody’s

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