{"id":52743,"date":"2024-11-15T09:00:00","date_gmt":"2024-11-15T08:00:00","guid":{"rendered":"https:\/\/www.11onze.cat\/?p=52743"},"modified":"2024-11-15T09:57:02","modified_gmt":"2024-11-15T08:57:02","slug":"advantages-disadvantages-cbdcs","status":"publish","type":"post","link":"https:\/\/www.11onze.cat\/en\/magazine\/advantages-disadvantages-cbdcs\/","title":{"rendered":"Advantages and disadvantages of CBDCs"},"content":{"rendered":"
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In a context where the use of cash is in decline and digital payments and cryptocurrencies are the order of the day, more than 130 countries are considering the introduction of central bank-issued digital currencies (CBDCs). What are the pros and cons of these new digital currencies?<\/b><\/h3>\n

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The digitisation of the economy has brought the convenience of being able to make digital payments and has spurred the popularity of cryptocurrencies. This revolution in the financial system has led <\/span>many central banks, initially reluctant to introduce them, to consider issuing their own digital currencies<\/b> (CBDCs).<\/span><\/p>\n

In this context, <\/span>Europe does not want to be left behind and will create its own digital currency, as countries such as China, Sweden, and Uruguay have already done<\/b>. Known as the digital euro, it is an electronic currency that will be managed and supervised by the European Central Bank (ECB), which can be used by both citizens and companies and which will not replace cash, but will complement it.<\/span><\/p>\n

As for the Spanish state, <\/span>the Banco de Espa\u00f1a (BdE) has positioned itself in favour of the introduction of the digital euro<\/b>, issuing a <\/span>statement<\/span><\/a> highlighting what it considers to be the advantages of this CBDC and giving its support to the ECB. Juan Ayuso, Director General of Operations, Markets, and Payment Systems at the Banco de Espa\u00f1a, stated that the digital euro retains the advantages of the physical currency and pointed out that the physical cash format \u2018does not allow all the advantages offered by the growing digitalisation of the economy and society to be exploited\u2019.<\/span><\/p>\n\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n

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