CBDC: State of play, challenges, open issues

Topics will include:

• What drives recent increased momentum towards CBDC?
• What are the key problems/challenges and opportunities related to CBDC?
• Who would decide about the introduction of CBDC in the euro area and elsewhere?
• How will CBDC affect banks’ business models?
• Will CBDC mean the end of privacy?
• Will, and should CBDC give rise to extreme monetary policies?

ECB – Report on a digital euro, October 2020

BIS – Project Helvetia: Settling tokenised assets in central bank money (bis.org)
Project Helvetia, an experiment between the Bank for International Settlements Innovation Hub Swiss Centre, the Swiss National Bank (SNB) and the financial market infrastructure operator SIX, successfully shows the feasibility of integrating tokenised assets and central bank money. The project demonstrates the functional feasibility and legal robustness of settling tokenised assets with a wholesale CBDC (PoC1) and with linking a DLT platform to existing payment systems (PoC2) in a near-live setup. The experiment should not be interpreted as an indication that the SNB will issue a wholesale CBDC. read more