Business and Technology Reporter in Nairobi, Kenya
Nation Media Group
Central Bank Digital Currencies have been touted as a potential solution to avert risks posed by cryptocurrencies. The International Monetary Fund says the centrally issued fiat currencies can offer an alternative to highly volatile crypto assets, easing remittance and cross-border payments without the corresponding risks to countries’ monetary sovereignty.
But experts warn that this could result in more damage than good to economies if not done the right way.
