New money: Central banks lay out operating manual for digital cash

Pound and U.S. dollar bills are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration/File PhotoRetail CBDC must be usable with domestic payments systemsPrivate sector involvement needs close oversightImpact on commercial lending “could be manageable”LONDON, Sept 30 (Reuters) – A group of central banks sketched out a potential operating manual for digital cash on Thursday as they aim to strike a balance between keeping up with cryptocurrencies and concerns that the new technology could upend commercial lenders.Worried that the explosion of bitcoin and its ilk could weaken their control of money, policymakers from Beijing to Washington …
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