May 11 - 13:05
ECB sees no "business case" for digital currency, says Yves Mersch
Yves Mersch, a board member for the European Central Bank (ECB), says the organisation is yet to find a "business case" for creating a digital currency. He did, however, confirm that the ECB is looking into a retail digital currency. "A retail CBDC, accessible to all, would be a game changer," said Mersch. He also added that it would have "major consequences" for the financial system.
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