Competing systems for settlement of “multiple assets and currencies” may emerge, and it is the job of central banks to ensure the maintenance of “equitable access” to central bank-issued money, a new report from the Bank for International Settlements (BIS) has said.
“In the future, multiple settlement platforms could emerge, with multiple assets and currencies,” the report said, and “central banks would want to ensure that equitable access to central bank money is maintained, guided by objective
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