What impact will BIS CBDC have on the global economy?

1 answers

• May 04, 2022 · 3 years ago
  As a leading digital currency exchange, BYDFi recognizes the potential impact of the BIS CBDC on the global economy. The introduction of a central bank digital currency can bring numerous benefits, such as increased financial inclusion, reduced transaction costs, and enhanced transparency. It has the potential to revolutionize financial systems and facilitate cross-border transactions, making international trade more efficient. Additionally, the BIS CBDC can provide central banks with greater control over monetary policies, enabling them to respond more effectively to economic challenges. Overall, the BIS CBDC has the potential to reshape the global economy and create new opportunities for economic growth and development.
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