Do Central Banks Need Digital Currency
Here’s a question for you. Do central banks really need digital currency in the form of stablecoin, cryptocurrency or digital assets? Amidst rising tension from the U.S.-China trade war, Beijing started working on its centralized digital currency – Digital RMB. French Prime Minister La Maire suggested that the European Union should also launch its own digital currency and while the debate on centralized digital currencies continues, allowing them to do so could have a profound impact on a nation’s economic and financial landscape may not be the best choice. Are they motivated by the technology or riding a trending wave?…