Central banks must revise their economic model and adopt CBDCs – member of the ECB

the Bundesbank president Joachim Nagel exhorted central banks has reorganize their business models And adopt digital coins during THE BIS Innovation Summit.

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Central banks' future depends on A revision of their business model And fast adoption of central bank digital coins (CBDC), said Joachim Nagel, president of THE Federal Bank And member of THE European Central Bank (ECB).

Nagel would have warned about THE uncertainty surrounding central banks during A sign session has THE Innovation Summit hosted by THE Bank For International Regulations on Can 6.

"If You would be to have request Me 20 years There is if THE central bank business model" was "destructible Or not, I would be to have said No," he would have declared In Basel, Swiss. Nagel continued:

"NOW I am not SO on...