Digital Currencies – CBDC, Stablecoins, Tokens and more
We come across the topic of digital currencies in various forums, and some, like crypto currencies (Bitcoins in particular), are frequently in the news. There is an ever-increasing array of varieties, with Bitcoin joined by over 20,000 other forms of cryptocurrency tokens. There are also Central Bank Digital Currencies (CBDCs) and stablecoins. What are these exactly and how might they impact our organisations? What is the framework for their introduction and what are the potential risks that could need managing?