Digital currencies and the future of the monetary system

On January 27th, 2021, Agustín Carstens, General Manager of the Bank for International Settlements (BIS), delivered a speech for Stanford's Hoover Institution policy seminar. His speech was titled ‘Digital currencies and the future of the monetary system,’ and it covered the digitization of money. Bitcoin, stablecoins, and central bank digital currencies (CBDCs) were discussed in this lecture.

#CBDCs bring technological, legal and economic challenges that need examination. Central banks – the guardians of stability – will proceed carefully, methodically and in line with their mandates: Agustín Carstens speaks at the @HooverInst https://t.co/YjH8ESFwpC pic.twitter.com/Nl14aX9SNb