Cross-border potential spotted in digital currencies

July 13. FINMARKET.RU – Digital currencies, the launch of which have been thought of by the central banks of almost fifty countries of the world, can significantly reduce the costs of cross-border payments, the commissions for which remain high due to the complexity of the system of interbank transactions. Kommersant writes about this, referring to a report prepared by the Bank for International Settlements, the International Monetary Fund and the World Bank. So far, however, the newspaper notes, regulators are mainly focusing on domestic markets, fearing risks associated with an increase in capital outflow and inflow, as well as with the replacement of national currencies with reserve currencies.

Libertex [CPS] WW



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