Central bank group to assess potential cases for central bank digital currencies

PRESS RELEASE

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https://www.ecb.europa.eu//press/pr/date/2020/html/ecb.pr200121_1~e99d7946d6.en.htmlhttps://www.ecb.europa.eu//press/pr/date/2020/html/ecb.pr200121_1~e99d7946d6.en.html
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Wednesday, January 22, 2020
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Economy, Financial services, Money, Central banks, Currency, Numismatics, Central Bank Digital Currency, Monetary reform, Bank for International Settlements, CBDC, CPMI, Digital currency
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  • PRESS RELEASE

    Central bank group to assess potential cases for central bank digital currencies

    21 January 2020

    The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Sveriges Riksbank and the Swiss National Bank, together with the Bank for International Settlements (BIS), have created a group toshare experiences as they assess the potential cases for central bank digital currency (CBDC) in their home jurisdictions.

  • The group will assess CBDC use cases; economic, functional and technical design choices, including cross-border interoperability; and the sharing of knowledge on emerging technologies.
  • It will closely coordinate with the relevant institutions and forums in particular, the Financial Stability Board and the Committee on Payments and Market Infrastructures (CPMI).
  • The group will be co-chaired by Benot Cur, Head of the BIS Innovation Hub, and Jon Cunliffe, Deputy Governor of the Bank of England and Chair of the CPMI.
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