«Rapid changes in the landscape of the payments industry along with factors such as emergence of private digital tokens and the rising costs of managing fiat paper / metallic money have led central banks around the world to explore the option of introducing fiat digital currencies,» it said, explaining the rationale behind setting up the study group. (techcircle.vccircle.com)
«Private digital tokens masquerading as currencies must not subvert this trust,» the BIS chief declared, in part because they could threaten to impact the «real value» of money. (ethnews.com)
Rapid changes in the landscape of the payments industry along with factors such as emergence of private digital tokens and the rising costs of managing fiat paper / metallic money have led central banks around the world to explore the option of introducing fiat digital currencies. (rbi.org.in)