Consumer-focused digital tokens issued by private companies could be better than central bank-issued tokens assuming the companies can be regulated appropriately, the Australian central bank governor said on Sunday.
Phillip Lowe was speaking in a panel discussion at the G20 finance officials meeting in Indonesia that was streamed online. At the same discussion, the Hong Kong Monetary Authority (HKMA) chief said greater scrutiny of such tokens could also help reduce risks from decentralised finance (DeFi) projects, part of the crypto currency ecosystem.
