Singapore, Sep 13 (ANI): Wide adoption of central bank digital currencies (CBDCs) in cross-border payments and settlements will be credit negative for banks because of lower fees and commissions, Moody’s Investors Service said on Monday.
This is particularly for those banks that are active in foreign-currency payments, clearing and remittances, it said in its latest credit outlook report.
It is the first time that the Ban
Digital currencies to be credit negative for banks
