HSBC CEO backs CBDCs against crypto and stablecoins By Cointelegraph
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HSBC CEO backs CBDCs against crypto and stablecoinsHSBC, the largest European bank with total assets of $3 trillion, maintains a skeptical stance on cryptocurrency while promoting the central bank digital currency (CBDC) development.
HSBC Group CEO Noel Quinn penned an article, New forms of digital money could spur growth, outlining the firm’s commitment to supporting the concept of CBDC as it provides transparent legal tender designed to avoid “many risks” associated with cryptocurrencies and stablecoins.
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