The Royal Bank of Canada (RBC) has released a report on the evolving landscape of central bank digital currencies (CBDCs), that underscores the increasing global shift towards electronic payments as traditional cash usage wanes.
This trend has prompted numerous governments to consider introducing digital versions of their national currencies.
CBDCs, in theory, promise quicker and more cost-effective transactions. They also present an opportunity to integrate individuals currently outside the conventional banking framework, potentially reducing settlement risks and delays in international trade.
However, despite the growing enthusiasm around CBDCs, RBC raises concerns about security, privacy, and governance.
Building on the momentum of these critical conversations, Benzinga's Future of Digital Assets Conference is set to be the definitive forum for dissecting both the promise and the pitfalls of CBDCs, featuring an elite roster of industry luminaries and thought leaders. Scheduled for Nov. 14 in New York City, the conference ...