Central Bank Digital Currencies are often classified as cryptocurrencies, but those who passionately believe in decentralization often view CBDCs with suspicion. On 7 October, Head of the Bank for International Settlements (BIS) Innovation Hub, Benoît Cœuré, delivered a speech titled “Finance disrupted.” The speech touched on various developments in the fintech sector. However, the crux was that central banks needed to “step in.”