Consumers Are Already Living ‘in an Era of Instantaneous Bank Runs’: BoE Dep Governor

Deputy Governor Jon Cunliffe said we are already living in an age of instantaneous bank runs as consumers can rapidly move their funds between banks if they are worried about the solvency of a bank where they keep their deposits. He added a central bank digital currency (CBDC) provides an…#joncunliffe #cbdc #boe #parliaments #committe #britcoinexpected #treasurycommittee #britcoin #usfederalreserve #tokenist
Source: Reuters: Health - Category: Consumer Health News Source Type: news