[Blog post] Which Markets Need Central Bank Digital Currency? by Assoc Prof Christian Hofmann

In response to current trends, such as the decreasing use of tangible money (currency) and the rise of cryptocurrencies and stablecoins, central banks worldwide are considering the feasibility of creating a Central Bank Digital Currency (CBDC). This CBDC would represent a novel form of central bank-issued money aimed at improving the existing store of value and cashless payment options.

Look out for the full article at: https://blog.nus.edu.sg/lawresearch/2023/10/02/which-markets-need-central-bank-digital-currency/

Associate Professor Christian Hofmann is the Head of Central Banking and Financial Regulation at the Centre for Banking & Finance Law and the Deputy Director of the Centre for Asian Legal Studies at NUS Law.