The time period central financial institution digital forex is deceptive and needs to be deserted, analysis from the European Central Financial institution argues.
The working paper, revealed on February 11, claims that terminology within the crypto group, although extensively used, “usually appears to be biased, complicated, or is used inconsistently”.
The authors – Ulrich Bindseil, Charles-Enguerrand Coste and George Pantelopoulos – argue that retail CBDCs needs to be often called retail central financial institution digital cash (rCBEM). The time period “digital”, they
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