Central Bank Digital Currency (CBDC) is gaining momentum, according to the results of 2021. BIS survey on central bank digital currencies,published in May noted that more than a quarter of central banks are developing or running concept pilot plots. The BIS paper consisted of 81 central banks surveyed, which concluded that CBDC is gaining momentum due to several factors The pandemic has spurred demand for contactless digital...
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The economic “recovery” narrative in Europe is beginning to look a little flaky again. It is Europe’s banking woes that are starting to wobble the pillars and unsettle the economic landscape. With each day passing It is becoming more difficult to ignore the cracks in Europe’s economic recovery story. A focused light beam on Europe’s banks highlights the fact that another banking crisis could be brewing backstage....
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