‼️ BIS Proposes Hybrid Structure for Central Bank Digital Currencies

💵 The Bank for International Settlements (BIS) has presented a proposed structure for central bank digital currencies (CBDCs). Under the hybrid model, central banks would oversee issuance and governance, while commercial banks would handle consumer-facing services.

However, the proposal has faced criticism. Opponents claim that centralized control of CBDCs threatens individual freedom and privacy. Some countries, including Canada and the United States, are already calling for a ban on the development and use of CBDCs.