Spain’s Central Bank Prioritizes Digital Currency Research

Spain’s Central Bank Prioritizes Digital Currency Research

Gate Trade News Saturday, October 17, 2020 47 0

Banco de España, Spain’s central bank released its strategic plan from 2020 to 2024, which outlines its priorities over the next four years.

 

In addition to analyzing the European Central Bank’s policies and trends within the Spanish economy, Bank of Spain will look into a central bank digital currency (CBDC).

 

The plan—which also says it will study the effect of negative interest rates on banks, COVID-related stresses on markets, and several other areas—does not go into much detail on its CBDC efforts. 

 

However, it contends that CBDC research is a priority under the theme of "New technologies and Information Sources."