In his article on ING website, Chief Economist of a Dutch multinational banking and financial services corporation ING, Mark Cliffe expressed his thoughts over a potential creating of digital currencies by central banks in coming years.
Keeping up with the times
By his point of a look, next two to three years will be decisive for banks, as the many of G20 central banks could go for their own cryptocurrencies. He shared these thoughts after a joint event, with the participation of ING and the central bank thinktank, OMFIF.
Discussion topic
During the meeting, issues related to CBDC were discussed: confidentiality, data administration, market power, cybersecurity, the division of labour between the public and private sectors, as well as issues of limitations and trade-offs associated with the rapid development of technology.
Yuri Molchan
Alex Dovbnya
