CBDC issuance should not be rushed, say central bank experts

Several central bank officials called for caution over introducing central bank digital currencies (CBDCs) at the Singapore Fintech Festival today (November 11).

Nick Ogden, founder and director of payment services firm RTGS.global, told a panel discussion central banks should being working faster to deliver a wholesale CBDC by next year.

“I really think [wholesale CBDCs] should be done much quicker than is currently proposed,” Ogden said. “The technology and the capability is available now

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