ROMANIA ECONOMY CENTRAL BANK

Romanian Central Bank hosts Bitcoin vs Central Bank Currency conference

epa10561698 Mugur Isarescu, the Governor of the National Bank of Romania (BNR), arrive to deliver the opening speech at the beginning of the 'Bitcoin vs Central Bank Digital Currency: The most important decision nations have ever faced' conference at the National Bank of Romania headquarters, in Bucharest, Romania, 06 April 2023. A Central Bank Digital Currency (CBDC) is a digital form of public money issued or adopted by a central bank. Most of the world's central banks have started exploring the possibility of launching a state-owned digital currency as a response to the increased adoption of digital, contactless payments, cryptocurrencies, and e-commerce, a trend speeded up by the Covid-19 pandemic because these digital currencies as a more flexible monetary tool compared to the existing physical tokens. Security and privacy risks were analyzed during this conference. EPA/ROBERT GHEMENT

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