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CoinGape 2021-09-13 09:23:52

Moody’s Report: Cross-Border CBDC transactions may affect banks’ commission

Moody’s Investors Service latest report warned financial institutions that the widespread adoption of CBDCs may cause credit-negative for banks in lieu of lowered fees and commissions. Furthermore, banks with active foreign currency payments, clearing, and remittance services will bore the burn of losses according to Moody’s credit outlook report. This month, the Bank of International The post Moody’s Report: Cross-Border CBDC transactions may affect banks’ commission appeared first on Coingape.

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