Bank of Lithuania may be the next entity to look into Central Bank Digital Currencies (CBDCs), after multiple banks worldwide have expressed interest.
All Aboard the Central Bank Digital Currency Bandwagon
Following preliminary interest from central banks in China, as well as India, Cambodia, and to an extent the European Central Bank, the Bank of Lithuania has given attention to digital assets issued and backed centrally.
CBDCs may be a tool to bring the central bank’s digital money directly to non-financial institutions and even individuals, commented Aistė Juškaitė, principal economist at the Market Infrastructure Department at the Bank of Lithuania.
Juškaitė pointed out that CBDCs can be used directly in societies with underdeveloped commercial banking, and more difficult access both to cash and electronic payments. CBDCs…
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