Benoit Coeuré Urges Central Banks To Act Now on Developing CBDCs As Crypto Becomes Popular

French economist and head of the Bank for International Settlements’ Innovation Hub Benoit Coeuré has urged central banks to respond swiftly to the booming cryptocurrency industry by developing Central Bank Digital Currencies CBDC. Coeuré said stablecoins, Defi platforms, and big tech firms are challenging the traditional financial model. Coeuré stressed that central banks, which are … Read more