Odaily Planet Daily News 📢 Cecilia Skingsley, head of the Innovation Center of the Bank for International Settlements (BIS), recently stated at the New York Fed FinTech Conference that BIS realizes that to stay ahead, it needs to practice and study how new technologies change the operations of central banks. methods, including cryptocurrencies. 💡

Skingsley said that the experience of Libra in 2019 and everything that followed really made everyone realize that there are too many things happening in the technology field that we cannot ignore. Central banks around the world need to be prepared. 🏦

She further asked: "If the future is tokenized, if we want a future where tokenized assets are owned at scale, what does that mean for central banks? And what kind of infrastructure do you have to have?" 🤔

According to a new report from the Bank for International Settlements, researchers find that tokenization has huge potential to improve the efficiency and transparency of financial markets. However, the cryptocurrency itself has yet to prove its value, the report added. 📊