The central banks of Britain, Japan, the euro zone, Sweden and Switzerland have teamed up with the Bank for International Settlements (BIS) to study use cases for digital currencies; the Facebook announcement of Libra has helped to push central banks in this direction as many believe the conversation has changed since the social media giant released their plans; “The group will assess CBDC use cases; economic, functional and technical design choices, including cross-border interoperability; and the sharing of knowledge on emerging technologies,” the newly formed group said in a statement according to CNBC. CNBC
