Stop calling them ‘CBDCs’, ECB paper argues
Study says the term, and much other crypto terminology, is misleading and should be binned
The term central bank digital currency is misleading and should be abandoned, research from the European Central Bank argues.
The working paper, published on February 11, claims that terminology in the crypto community, though widely used, “often seems to be biased, confusing, or is used inconsistently”.
The authors – Ulrich Bindseil, Charles-Enguerrand Coste and George Pantelopoulos – argue that retail CBDCs should be known as retail central bank electronic money (rCBEM). The term “digital”, they
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