Impact of CBDCs on Businesses and the Financial Sector

Future of the Financial Services Industry

Central bank digital currency (CBDC) creates the opportunity to build a new financial system that is more secure, less risky and more efficient than the current system.

  • Institutions: Banks and other financial intermediaries like Stock Exchanges etc
  • Rules: The International rules that govern the system. These are formulated by multiple institutions, like the BIS.
  • Software: The code used to carry out transactions. SWIFT and CHIPS work on software.
https://youtu.be/fpb-qJv6dBs

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Alumni of the Integrated Programme in Management at the IIM, Indore. Interested in Public Policy, Politics and International Affairs.

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Aditya Gulia

Aditya Gulia

Alumni of the Integrated Programme in Management at the IIM, Indore. Interested in Public Policy, Politics and International Affairs.