Central bank digital currencies could “challenge the foundations of monetary economics”, said the Bank for International Settlements’ chief Americas official.

CBDC “issuance requires substantial efforts, and depending on their design they could challenge the foundations of monetary economics”, said Alexandre Tombini at the ECCB 40th anniversary global conference/Central Banking Autumn Meetings 2023 in St Kitts on November 9.

“Central bank digital currencies, or CBDCs, could have far-reaching