Central Banking

Macedonia’s Kadievska: DLT could ‘completely replace’ some intermediaries

Maja Kadievska analyses the pros and cons of distributed ledger technology

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The vice-governor of the National Bank of the Republic of Macedonia has said the emergence of digital technology could pose challenges for central banks in the future.

In her opening remarks at the Conference on Payments and Market Infrastructure, Maja Kadievska said advancements in fintech could pose a threat in the context of digital banking and digital transformation.

“Implementation of distributed ledger technology (DLT)… could cause disruption to financial market infrastructures and

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