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Future of money lies in a new payments ecosystem
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Bank of International Settlements chief Agustin Carstens proposed the creation of a unified programmable ledger.
PHOTO ILLUSTRATION: PEXELS
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Given that forms of money are changing, central banks need to keep up, according to Bank of International Settlements chief Agustin Carstens.
“As you see, with the development of Bitcoin and other crypto assets, in some sections of society, there is demand for a different representation of money, with a different technological system,’’ he said at a media briefing last week.
