Director of the Peterson Institute for International Economics: The central bank should be involved in digital currency

According to AMBCrypto, recently, Peter Posen, director of the Peterson Institute for International Economics (PIIE), said in an interview that the central bank should be involved in digital currency. However, he clearly emphasized two important conditions that the central bank should remember when dealing with this issue: First, if there is unregulated private currency, the central bank must regulate and prevent the use of ordinary or small business regulatory arbitrage. Second, the central bank should be involved because the central bank can provide efficiency and security, making the private currency irrelevant. It also stated that agencies have no reason to rush to launch CBDC.