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central banks join forces to focus on digital currencies

Central Banks join forces to focus on Digital Currencies

21st Jan 2020

The central banks of Britain, the euro zone, Japan, Sweden and Switzerland will share experiences in a new group headed by former European Central Bank official Benoit Coeure and assisted by the Bank of International Settlements, they said.
Central banks across the world have quickened the pace with which they are looking at issuing their own digital currencies in the wake of Facebook’s (FB.O) push to launch Libra. Of major central banks, China’s has emerged as the frontrunner in the drive to create its own digitized money.

Source: Reuters U.S.:
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