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World's central bankers mull over digital currency

The Bank of International Settlements says more work needs to be done to explore cryptocurrencies' benefits

The BIS report examines two types of central bank digital currency - a wholesale currency limited to select financial institutions and a general purpose currency accessible to the public. The report leans more in favour to the wholesale issue to financial institutions.


CENTRAL banks have taken the first united step in the potential issuance of digital currencies.

The Bank of International Settlements (BIS) has issued a comprehensive report on the implications for financial stability and monetary policy, if central banks issue digital...