Crypto monster truck
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If cryptocurrencies were to be more widely adopted, they could also present crypto monster truck challenges for the role of the banking sector and raise additional financial stability concerns in a crisis. Furthermore, the vast amounts of electricity used in the mining of cryptocurrency raise concerns about the allocation of resources and environmental consequences of these payment systems.
In contrast, a CBDC could potentially support a number of public policy objectives, including safeguarding public trust in money and promoting efficiency, safety, resilience and innovation in the crypto monster truck system.
The Reserve Bank is continuing to closely examine criticism coreum crypto price prediction matchless case for a CBDC and working with other central banks on this issue.