Central Bank Digital Currency – Opportunities, challenges and design 2020 (BoE)

A research paper from the Bank of England

Abstract

This discussion paper outlines an illustrative ‘platform’ model of central bank digital currency (CBDC) designed to enable households and businesses to make payments and store value. It does not set out a blueprint for CBDC, nor does it approach a decision to introduce one. Rather, it is intended to illustrate the key issues as a basis for further discussion and exploration of the opportunities and challenges that CBDC could pose for payments, the Bank’s objectives for monetary and financial stability, and the wider economy.

Citation

Bank of England, Central Bank Digital Currency: Opportunities, challenges and design (2020) [online] Available at: Discussion Paper - Central Bank Digital Currency: Opportunities, challenges and design [Accessed 10 February 2022]

https://www.bankofengland.co.uk/paper/2020/central-bank-digital-currency-opportunities-challenges-and-design-discussion-paper

Updates to this page

Published 25 March 2022