Biggest potential for CBDC will be cross-border money transfer

Biggest potential for CBDC will be cross-border money transfer

Kolkata: India’s central bank governor Shaktikanta Das has backed the role of legal digital currencies in fostering trade beyond national frontiers, underscoring how such monetary units limit the scope for intermediaries and help reduce transaction costs linked to the movement of funds. “The biggest potential for CBDC (central bank digital currencies) going forward will be … Read more