Skepticism Grows in Big Tech Issuing Digital Currency

According to a new poll for the Official Monetary and Financial Institutions Forum there is growing skepticism that big tech would be best top issue digital currency; net confidence was lowest in big tech companies and highest in central banks; the views differed across the 13 countries with emerging markets respondents being more agnostic as who issues the digital currency and EU countries being most adverse to big tech issuance; awareness of digital currencies was a theme throughout the survey as central banks grapple with a knowledge gap; “The advent of Libra has completely changed what was a theoretical backroom game into something more urgent?.?.?.?The debate has been propelled from the guys with green biros in the back office right up into the boardroom,” said Philip Middleton, the OMFIF’s Deputy Chairman, to the FT. Financial Times

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