Central banks disagree over cash regulation
The BoE has issued legislation demanding banks supply certain denominations
There is a lack of consensus around what role central banks should take in regulating the future of cash, according to a panel of experts.
Speaking on a panel at the Future of Cash conference, central bankers and commercial bankers debated to what extent central banks should get involved in mandating banks and retailers to accept and/or distribute various denominations moving forward.
“As cash usage declines, it becomes harder for commercial entities to process cash without increased costs,”
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