Major central banks will discuss the issue of cryptocurrencies

The ECB, BoJ and the central banks of Great Britain, Canada, Sweden and Switzerland will discuss joint research plans on the possibility of introducing cryptocurrencies in the future.

6 major central banks will discuss the issue of cryptocurrencies

Six major central banks, including the Central Bank of Japan (BoJ) and the European Central Bank (ECB), will meet in mid-April 2020 to discuss issues surrounding the possibility of development. central bank electronic currency (CBDC).

According to informed sources, the leaders of a large number of central banks including ECB, BoJ and the central banks of England, Canada, Sweden and Switzerland will discuss joint research plans on the possibility of introducing currencies. future electronics as well as potential challenges such as cross-border currency transactions and preventing cyber-attacks.

Central bank leaders are expected to meet in Washington (USA), on the sidelines of the International Monetary Fund (IMF) Conference, and may publish a report on this discussion later this year. .

Facebook's launch of the Libra cryptocurrency. has prompted central banks to accelerate their research on cryptocurrencies.

Executive Board member of the US Federal Reserve (Fed) Lael Brainard said on February 5 that active public-private discussions are needed in defining relevant legal provisions. regarding cryptocurrencies and potential threats to the stability of the financial system.

China is turning to issuing electronic renminbi. The People's Bank of China (PBoC) said the process was going "smoothly" with the support of the Government.

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