Central bank digital currencies may be disruptive for financial systems – Fitch ...News

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Central bank digital currencies may be disruptive for financial systems – Fitch
The broader adoption of general-purpose central bank digital currencies (CBDCs) will present authorities with trade-offs between risks and benefits, according to Fitch Ratings. “Widespread adoption of CBDCs may be disruptive for financial systems if associated risks are not managed,” Fitch Ratings analysts have written in a note. “These [risks] include the potential for funds to move quickly into CBDC accounts from bank deposits, causing financial disintermediation, and for heightened cybersecurity threats as more touchpoints are created between the central bank and the economy,” the analysts added. Fitch pointed out that the key benef

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