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Central banks generate trust, not big techs or “anonymous ledgers” -Breaking

by Mike Robinson

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In a speech entitled “Digital currencies and the soul of money,” Agustín Carstens, the general manager of the Bank of International Settlements, criticized private stablecoins and decentralized finance (DeFi), touting central bank-led financial innovation as the best possible path to the future of money.

Carstens served as the Bank of Mexico’s governor from 2010 to 2017. DeliveredHis comments at the conference on Data, Digitalization, New Finance and Central Bank Digital Currencies, The Future of Banking and Money at Frankfurt’s Goethe University.

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