Moody’s predicted a reduction in the role of banks in the system with the introduction of digital currencies 19:40

Widespread adoption of central bank digital currencies (CBDC) will reduce the profits of credit institutions and reduce their role in the global financial system. This view was presented in a new report by analysts of the international rating agency Moody’s. Wrote News portal about cryptocurrencies Cointelegraph.

According to the agency’s report, the development of cross-border payments in digital national currencies will transform the global economy by providing faster, cheaper and more secure services to its participants, but traditional banks will not benefit much.

It was noted that a new infrastructure is needed for cross-border digital transactions, but there is no need for intermediaries. As a result, the transition to CBDC will reduce the profits banks make from commissions, correspondent services and possibly foreign exchange transactions.

The previous day, Chairman of the State Duma Financial Market Committee Anatoly Aksakov declarationHe said the digital ruble law would be passed in April.

Last week, American investor Robert Kiyosaki, bestselling author of Rich Dad Poor Dad He insisted Buying bitcoin in anticipation of a “fake infestation”.

Source: Gazeta


Please enter your comment!
Please enter your name here


More from author

The Ministry of Internal Affairs of the Russian Federation put Valery Zaluzhny on the wanted list 16:34

The Ministry of Internal Affairs of Russia put Valeriy Zaluzhny, Commander-in-Chief of the Armed Forces of Ukraine, on the wanted list. This is...

Russian Foreign Ministry says those involved in drone attacks on Moscow will answer for their actions 16:33

The Russian Foreign Ministry said those involved in drone attacks in Moscow and the Moscow region will be found and severely punished. This...

Nvidia head reveals an easy way to become a programmer 4:30 PM

Nvidia CEO Jensen Huang said the proliferation of new AI tools will allow anyone to become a programmer effortlessly. It has been reported...

Cristiano, pointed out Al-Nassr’s failure in the Saudi Arabian League

The new super project led by the Portuguese failed to win the League or the CupThe arrival of Cristiano Ronaldo to the Al Nassr...