In a world where assets are being traded electronically and payments are being made with smartphones, should there only be room for physical cash? Central Bank Digital Currency Ladies and gentlemen, distributed ledger technology is currently reshaping the financial system and is here to stay in one form or another.
If this financial revolution is not embraced by regulators, private players will continue to innovate and drive the development of alternative 1/3  BIS central bankers' speeches  technologies, new payment methods, and digital currencies. Central Banks need to become active shapers in the current debate to fulfill their mandates and drive change as active agents rather than passive bystanders.