Oki Matsumoto said a central bank digital currency would make it easier to convert cryptocurrency into legal tender.
As central banks everywhere gear up to launch digital currencies, it's time to consider the possible downsides.
The ability to represent all industrial capacity as tokens on a blockchain will have huge implications for resource use, says our columnist.
Digital money in a crypto wallet is only the first step. The bigger shift is a new software economy anchored in programmable blockchains.
Libra was the final wake-up call for central banks that prompted serious consideration of digital currency issuances, according to the head of the BIS Innovation Hub.
ECB President Christine Lagarde says the impetus for a central bank digital currency could come from the need to facilitate cross-border finance.