As per CoinDesk, Agustin Carstens, the Secretary-General of the Bank for International Settlements (BIS), has called for countries to establish a robust legal framework to facilitate the adoption of central bank digital currencies (CBDCs). He emphasized, "It is unacceptable that unclear or outdated legal frameworks impede the issuance of CBDC. This issue must be resolved quickly."
According to the IMF's 2020 report, approximately 80% of central banks around the world are currently unable to issue CBDCs due to either a lack of relevant laws or a legal system that lacks clarity. đđ± #CBDC #BIS #DigitalCurrency