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central banks will soon issue their currency in digital formAt some point in the next five to 10 years, when each of us becomes the owner of a sovereign-backed digital currency, we will look back on the summer of 2021 as a turning point.
The message delivered last week by the Bank for International Settlements in its annual report could not be more clear. Most central banks will soon issue their currency in digital form, making it directly available to each of us on our mobile phone and instantly exchangeable over long distances — just like email.