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27 September 2023

BIS' Carstens:Legitimacy, Privacy, Integrity, Choice: Towards a legal framework for central bank digital currencie

Importance of CBDC

Before addressing the legal issues, I would like to talk about CBDCs more fundamentally. 

A key role, perhaps the key role, of central banks is to provide money for society. Currently, they do this primarily through the provision of cash and central bank reserves. In...

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