The race to integrate crypto into global banking is real

Central banks in Asia and Europe are in the final stages of launching digital currencies for future payment systems and cross-border transactions, according to a new report from accounting firm KPMG.

And governments around the world see the launch of these blockchain-based central bank digital currencies (CBDC) as something that could one day give them a competitive advantage in global trade.

“In 2020, we at KPMG expect to assist regional and central banks in the development of well-defined technology frameworks that can anchor private-sector initiatives,” Arun Ghosh, U.S. Blockchain Leader at KPMG, said in a blog post.

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