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Home Latest News Policy and regulation Central Bank Digital Currencies Not a ‘Fad,’ MetLife Investment Says

Central Bank Digital Currencies Not a ‘Fad,’ MetLife Investment Says

Institutional investor MetLife Investment Management (MIM) has released a new macro strategy primer outlining the forthcoming role of blockchain-based assets, especially central bank digital currencies (CBDCs).

MIM, founded in 1868, says that CBDCs are a logical progression of money and technology that are “unlikely [to] be a passing fad,” according to the primer released Jan. 8.

According to Coindesk, the investments giant also indicates that a “true CBDC launch among Western countries seems unlikely to occur anytime soon” as key technical questions have yet to be addressed.

The document says that “However, just as the dreams of cryptocurrency developers tend to be rather lofty, so are those of various CBDC initiatives.”

MIM had some $651 billion in assets under management (AUM), as of September 2020.

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