As central bankers all over the world consider issuing their own digital currency, coined CBDCs, a former member of the fold has argued that they should leave it up to the industry.
Jón Helgi Egilsson, a former chairman of the Icelandic central bank’s supervisory board, said at a conference on Wednesday that central bank digital currencies (CBDCs) need not be issued by the institutions themselves.
“Where private companies compete in the market, in technical and business innovation, a CBDC or CBDC equivalent does not have to be offered by a central bank,” he said in a speech at Brussels Blockchain Week.
Read More : Ex-Central Banker Argues Against Central Banks’ Dominant Role in CBDC Implementation