Digital currencies could transform the role of central banks – Chilean governor
Marcel is wary of developments with CBDCs, but believes they are still a long way off
Central bank digital currencies (CBDCs) have the potential to revolutionise the role of central banks, from institutions at the top of tiered liquidity systems to massive retailers, the governor of the Central Bank of Chile says.
“CBDC seems to lead inevitably to the replacement of the classical role of central banks,” Mario Marcel says. He envisages a situation where central banks take deposits from retail customers and make loans.
For the Chilean governor, digital currencies offer several
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