Central Banks can launch CBDCs within a day & policy framework for digital asset

minairia3

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SecureShift.io | Crypto-Exchange

Quote from: TheCryptocurrencyPortal on July 23, 2020, 05:46:28 PM

Speaking about CBDC’s, DeWitt suggested that if the Central Banks wanted, they could launch CBDCs within a day without the help of blockchain. However, they haven’t taken that step in order to protect the market of commercial banks.

Not a bad perception. Its just like the Facebook Libra, Im sure they are ready but the process to launch their project is not mandated yet or supported by authority. CBDC case is the same, they just want to fully flourish before they launch any sort of blockchain platform.

Correlating with bank procedure will take time as its bounded by the law and as we all knew, blockchain has been restrained by some countries especially this one.

semobo

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Quote from: TheCryptocurrencyPortal on July 23, 2020, 05:46:28 PM

Central Banks can launch CBDCs within a day & policy framework for digital assets in India
Check it out here: https://www.youtube.com/watch?v=YU4GmkA1CUA&feature=youtu.be

CBDCs and Central Banks

Speaking about CBDC’s, DeWitt suggested that if the Central Banks wanted, they could launch CBDCs within a day without the help of blockchain. However, they haven’t taken that step in order to protect the market of commercial banks. He said,

“The reason that they’ll hesitate to do that though, is because that is going to substantially cut into the market, the share of the commercial banks and, you know, these value-added innovative services that the commercial banks can offer that a central bank can’t.”

Launch tokens without even implementation of blockchain technology then why people should use it,they have better options in the banks and also if they maintain good records they can be eligible for loans.

Ozero

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During the day, of course, the stablecoins of the central banks of states are not launched. The Chinese government has been working on building its digital yuan for over four years. Here you need to think over and double-check everything, because we are talking about non-cash means of payment.
Now most states intend to issue their digitized currencies, their advantage over conventional currencies is obvious. The era of digital payments is coming. Cryptocurrency will play a special role here.

batang_bitcoin

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They must be clear first with what they are asking. In India, there's still the battle between banning and allowing. It's all over the news when the RBI doesn't like bitcoin.
They lifted the ban and again they're banning it so, in short, they can do whatever they want to.

TheCryptocurrencyPortal

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Central Banks can launch CBDCs within a day & policy framework for digital assets in India
Check it out here: https://www.youtube.com/watch?v=YU4GmkA1CUA&feature=youtu.be

CBDCs and Central Banks

Speaking about CBDC’s, DeWitt suggested that if the Central Banks wanted, they could launch CBDCs within a day without the help of blockchain. However, they haven’t taken that step in order to protect the market of commercial banks. He said,

“The reason that they’ll hesitate to do that though, is because that is going to substantially cut into the market, the share of the commercial banks and, you know, these value-added innovative services that the commercial banks can offer that a central bank can’t.”

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