Central banks must exercise caution in introducing digital currencies that could potentially destabilize the financial system during times of crisis, Bundesbank President Jens Weidmann said on Wednesday. Central banks around the globe are examining the benefits of digital money, spearheaded by the Swedish Riksbank with its e-krona pilot scheme, a potential response to the rapid decline in the use of cash. But Weidmann, an influential voice on the European Central Bank’s Governing Council, warned that widespread use of digital central bank money could have serious consequences. He said easy access to digital money ... (full story)