{"id":5923,"date":"2020-11-16T10:01:34","date_gmt":"2020-11-16T10:01:34","guid":{"rendered":"https:\/\/newmoneyreview.com\/?p=5923"},"modified":"2020-12-09T13:21:55","modified_gmt":"2020-12-09T13:21:55","slug":"digital-currency-a-central-bankers-view","status":"publish","type":"post","link":"https:\/\/newmoneyreview.com\/index.php\/2020\/11\/16\/digital-currency-a-central-bankers-view\/","title":{"rendered":"Digital currency\u2014a central banker\u2019s view"},"content":{"rendered":"<p>This year\u2019s coronavirus pandemic <a href=\"https:\/\/newmoneyreview.com\/index.php\/2020\/03\/25\/coronacrisis-accelerates-state-digital-currency-plans\/\">has accelerated plans for the introduction of central bank digital currencies<\/a> (CBDCs)\u2014a mobile-ready replacement for our state-issued banknotes and coins.<\/p>\n<p>But <a href=\"https:\/\/newmoneyreview.com\/index.php\/2020\/10\/13\/keeping-money-public\/\">many of the most important design aspects of CBDCs are still unanswered<\/a>. Should they be issued by the state directly to citizens, or should private sector firms be involved? What levels of transaction anonymity should they offer?<\/p>\n<p>In the latest episode of <a href=\"https:\/\/blubrry.com\/newmoneyreview\/\">the <em>New Money Review<\/em> podcast<\/a>, Aleksi Grym, head of digitalisation at the Bank of Finland, shares a central banker\u2019s view on CBDC, the accelerating shift to online commerce and the growing role of big tech firms in money.<\/p>\n<figure id=\"attachment_5922\" aria-describedby=\"caption-attachment-5922\" style=\"width: 390px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-5922\" src=\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2020\/11\/pic.jpg\" alt=\"\" width=\"390\" height=\"390\" srcset=\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2020\/11\/pic.jpg 1024w, https:\/\/newmoneyreview.com\/wp-content\/uploads\/2020\/11\/pic-300x300.jpg 300w, https:\/\/newmoneyreview.com\/wp-content\/uploads\/2020\/11\/pic-150x150.jpg 150w, https:\/\/newmoneyreview.com\/wp-content\/uploads\/2020\/11\/pic-768x768.jpg 768w\" sizes=\"auto, (max-width: 390px) 100vw, 390px\" \/><figcaption id=\"caption-attachment-5922\" class=\"wp-caption-text\"><em style=\"color: #222222; font-size: 16px;\">Aleksi Grym<\/em><\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/blubrry.com\/newmoneyreview\/70357374\/digital-currencya-central-bankers-view\/\">Listen to the 30-minute podcast<\/a> to hear more about:<\/p>\n<ul>\n<li>The digitalisation of payments<\/li>\n<li>Why demand for cash is increasing at the same time<\/li>\n<li>Finland\u2019s past experiment with state digital money<\/li>\n<li>Where to strike the public\/private balance in the provision of payment services<\/li>\n<li>Why the costs of cross-border payments remain stubbornly high<\/li>\n<li>How big tech firms\u2019 role in payments is certain to increase further<\/li>\n<li>Why bitcoin is already challenging regulated payment networks<\/li>\n<li>Should there be transaction privacy in digital money?<\/li>\n<li>Could state payment services compete by offering better data protection?<\/li>\n<\/ul>\n<p>You can subscribe to the New Money Review podcast on <a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/new-money-review-podcast\/id1469378217\">Apple<\/a>, <a href=\"https:\/\/podcasters.spotify.com\/podcast\/1yNM9hPYVxmuycopUD0cuH\/overview\">Spotify<\/a>, <a href=\"https:\/\/www.stitcher.com\/podcast\/paul-amery\/new-money-review-podcast\">Stitcher<\/a>\u00a0and\u00a0<a href=\"https:\/\/blubrry.com\/newmoneyreview\/\">Blubrry.<\/a><\/p>\n<p><em><a href=\"http:\/\/eepurl.com\/du6eTr\">Sign up here<\/a> for the New Money Review newsletter<\/em><\/p>\n<p><em><a href=\"https:\/\/blubrry.com\/newmoneyreview\/\">Click here<\/a> for a full list of episodes of the New Money Review podcast: the future of money in 30 minutes<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This year\u2019s coronavirus pandemic has accelerated plans for the introduction of central bank digital currencies (CBDCs)\u2014a mobile-ready replacement for our state-issued banknotes and coins. But many of the most important [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":5807,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1013,1053,1026,1014,1011],"tags":[],"class_list":{"0":"post-5923","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-account","8":"category-featured-1","9":"category-latest-slider","10":"category-payment","11":"category-value"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Digital currency\u2014a central banker\u2019s view - New Money Review<\/title>\n<meta name=\"description\" content=\"Aleksi Grym, head of 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