10/19, 2:20 PM (Source: TeleTrader)
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CBDCs are not 'lion's den' - ECB's Panetta

Central bank digital currencies (CBDC), are accompanied by certain unknowns, but those "unchartered territories" are not "a lion's den but rather full of potential opportunities," European Central Bank (ECB) Executive Board Member Fabio Panetta (pictured left) asserted on Tuesday.

Delivering opening remarks at a conference organized by the ECB and the Central Bank Research Association (CEBRA), Panetta pointed out that the main questions about the CBDC are tied to international cooperation and the digital currency's intrinsic nature and role.

"The literature on the international aspects of CBDCs is still in its infancy," he warned.

Breaking the News / BU