Central bank digital currencies – the money of the future?
Digital currencies have been in the spotlight for months – not least due to the surge in the price of Bitcoin, which hit an all-time high of over USD 41,000 in early January. In parallel to the growing investor interest in the crypto scene, central banks are now also turning their attention to digital currencies. In a new issue of Infocus, economist Joaquin Thul examines the key characteristics of crypto and asks whether central bank digital currencies could emerge as a complement to cash in the future.