Christopher Waller, a member of the US Federal Reserve Board (Fed), has said during a speech at Harvard University the launch of a central bank digital currency (CBDC) will not strengthen the position of the US dollar in the international arena.
According to him:
“Proponents of issuing a CBDC tend to tout it as a tool that can reduce transaction costs, speed up settlements, and provide a better user experience. I am extremely skeptical that a CBDC alone can mitigate traditional problems enough to prevent things like fraud, theft, money laundering or terrorist financing.”
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According to Waller, a digital currency will automate some processes, but it is not a “one-size-fits-all” solution. He has explained most of the new tools aimed at improving the quality of cross-border settlements are part of existing systems.
He has pointed out the dollar’s position as the world’s reserve currency is more influenced by political and financial reasons than technological ones.
Источник: ru.ihodl.com
