CBDCs, Not Crypto, Will Be Cornerstone of Future Monetary System, BIS Says

The BIS, an association of the worldโ€™s major central banks, dedicates a 42-page chapter in its 2022 Annual Economic Report to laying out a blueprint for the future of the global monetary system. In that vision, there is room for only some of cryptoโ€™s underlying technical features, like programmability and tokenization, not for cryptocurrencies themselves.

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