Central banks to lead way for digital currencies: BIS

London

CENTRAL banks will lead the way in the issuance, control and regulation of digital currencies. This is the key message in a significant chapter on central bank digital currencies (CBDC) in the Bank for International Settlements' (BIS) latest annual report on Wednesday.

Digital cryptocurrencies such as bitcoin and other crypto assets aim to mirror traditional money - a means of payment, a store of value, and a unit of account.