# Professor Nouriel Roubini shares his perspective on the future of China's sovereign digital currency

1 Faculty News May 13, 2020 ![Abacus Logo 190 x 145](/sites/default/files/styles/246w/public/assets/images/abacus-news-vector-logo%20190%20x%20145.jpg?itok=Xt4Sn0oW)>

Excerpt from [Abacus](https://www.abacusnews.com/tech/china-has-its-own-digital-currency-what-does-mean/article/3084209) -- "[Nouriel Roubini](https://www.stern.nyu.edu/faculty/bio/nouriel-roubini), a professor of economics at New York University's Stern School of Business, said the main problem, however, with the potential success of central bank digital currencies would be that they could disrupt the current system of traditional banking business of taking deposits to use the funds to extend loans."

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