| Author (Person) | Meyers, Zach |
|---|---|
| Publisher | Centre for European Reform (CER) |
| Series Title | CER Insight |
| Publication Date | June 2022 |
| Content Type | Research Paper |
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Summary: Argues that central banks would struggle to rollout central bank digital currencies (CBDCs) that would be widely adopted. They may not provide consumers the same benefits as today’s services; privacy is unlikely to be a game-changer; and the private sector still offers scope for innovation. Without widespread adoption, a CBDC will be an expensive failure, and will do little to advance central banks’ goals. For the EU, regulation is a more sensible way to make European payments cheaper, and more diverse, competitive and innovative. The EU should not be distracted by the prospect of a digital euro – which may sound impressive and exciting, but may give Europeans few benefits they cannot enjoy already. |
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| Source Link |
Link to Main Source
https://www.cer.eu/insights/why-would-anyone-use-central-bank-digital-currency
Alternative sources
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| Subject Categories | Economic and Financial Affairs |
| Subject Tags | Monetary Affairs |
| Keywords | Euro | Single Currency |
| International Organisations | European Union [EU] |
