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News Explorer — Central Banks Should Not Dominate CBDCs, Says an Ex-Central Banker

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Jun 7, 5:45 pm
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Central Banks Should Not Dominate CBDCs, Says an Ex-Central Banker

Jón Helgi Egilsson, a former chairman of the Icelandic central bank's supervisory board, has suggested that central banks should leave the issuing of digital currencies to the industry. He believes that allowing private companies to compete in the market and innovate would be beneficial for the currency. He also believes that central banks should step back from the retail CBDC space to encourage investments and technical innovation.

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