Central Bank Digital Currencies Could Fuel Bank Runs, BIS Says

Coindesk --------- A central bank-issued digital currency (CBDC) could fuel faster bank runs during periods of financial stability, the Bank of International Settlements (BIS) said Monday. The institution - considered by some to be the "central banks' central bank" - argued those looking to develop and launch a wholly digital currency should "carefully weigh" the implications of doing so, especially as they relate to monetary policy and overall stability. In sum, the BIS noted that a currency of that nature "might be useful for payments but more work is needed to assess the full potential." To learn more click on the picture below to read the article.