Digital money in the financial industries. Which options are most promising?
Deutsche Bundesbank published an article in its recent monthly bulletin addressing this question. Key observations: 1️⃣ The financial sector expects substantial efficiency gains from the combination of using a DLT and the tokenization of assets. Key efficiency drivers...
Where does the digital euro currently stand and when will it be introduced?
The European Central Bank recently published its forth progress report on the investigation phase of a digital euro. It aggregated the Eurosystem’s views on principles for a compensation model, updates on ongoing work and the results of the prototyping expertise as...
Which lessons can be learned from existing CBDC projects?
The BIS Innovation Hub (BISIH) submitted a report to the G20 Finance Ministers and Central Bank Governors on its key lessons of their 12 CBDC projects. In general, the CBDC projects explored feasibility, desirability, and viability. Overview over the BISIH CBDC...
How do retail and wholesale CBDC projects across the world compare and where do we stand today?
The Bank for International Settlements (BIS) has recently released its annual survey on CBDC projects globally. Key findings: 1. Share of central banks working on CBDC rose to 93% 2. Work on retail CBDC is more advanced than on wholesale CBDC 3. 15 retail and 9...