CBDCs may disrupt financial systems: Fitch Ratings
Steve Kaaru, 22 May 2021
One of the world’s largest credit rating agencies believes that central bank digital currencies (CBDCs) could disrupt the current financial systems. In its latest report, Fitch Ratings looked into how CBDCs could impact the global financial system, including giving governments a new way to track financial data and new financial policy options.
Several central banks around the world are looking at CBDCs. Some like the Bahamas have already launched their sovereign digital currencies while others like China are in advanced development stages. Yet, others like the U.S. and the U.K. are still exploring the feasibility of a CBDC and what effect it would have on the financial system. Continue reading “Article: CBDCs may disrupt financial systems: Fitch Ratings”
