Independent thinking for complex markets and current events
Speech by Mr Agustín Carstens, General Manager of the BIS Snippet from his speech “Cash use is declining.1 Users are increasingly demanding new forms of money. Advances in digital services are highlighting shortcomings in existing systems, while raising expectations about what money should do. People want their money to be digital and programmable. They want …
IMF deputy managing director, Bo Li: Central Bank Digital Currencies (CBDCs) will be programmable, such that governments will be able to centrally determine what kind of people can use them, and what kind of things people can buy with them, in order to enforce their desired policy objectives. IMF deputy managing director, Bo Li: Central …
“Central Bank Digital Currency will be programmable… ultimately giving the issuer control over *how it is spent by the recipient*… your freedom to purchase fuel, meat, flights, fertilizers will be limited to a carbon credit score.” Central Bank Digital Currency will beprogrammable… ultimately giving the issuer control over *how it is spent by the recipient*… …