Major Banks Urge Caution With European Union's CBDC Plans

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In a response to a European Commission consultation that closes Thursday, the Institute of International Finance (IIF) said there seemed to be an assumption that a central bank digital currency (CBDC) is a good idea, even though the European Central Bank has yet to reach a decision. It’s an assumption that needs to be verified, according to the IIF response seen exclusively by CoinDesk.

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