"Central bank digital currencies (CBDC) have the potential to replace cash, but adoption could take time," said Kristalina Georgieva, Managing Director of the International Monetary Fund at the Singapore Fintech Festival 2023.

Even as cash grows incompatible with the digital economy, how prudent must countries be in their adoption of CBDCs?

On this special Singapore Fintech Festival edition of Morning Shot, Mairead McGuinness, European Commissioner for Financial Stability, Financial Services and the Capital Markets Union shares her perspective.

Presented by: Ryan Huang 

Produced and edited by: Yeo Kai Ting (ykaiting@sph.com.sg)

Music/sound credits: pixabay & its talented community of contributors