retail digital currency

Don't fear the Libra - worry about retail central bank digital currency instead

Don’t Fear The Libra – Worry About Retail Central Bank Digital Currency Instead

A retail central bank digital currency (“CBDC”) could be a major concern for European commercial banks. Recent central bank commentary suggests to Bank of America Global Researh that the likelihood of a CBDC being launched is increasing. This year, the ECB has published a position paper on a retail digital currency, and the BIS has announced a group of six central banks will study the topic. Analysts at BofA have three key concerns about this.