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

A research paper from the Bank of England

• From: Competition and Markets Authority
• Published: 25 March 2022

• Category: Ad hoc research
• Original publisher: Bank of England
• Research area: Financial services, Future connectivity and internet, Retail and digital commerce and Technology
• Research topic: Application programming interface, Data and AI, Digital currencies, Digital economy and Digital transformation
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  Distributed ledger technology, Internet of things, Internet usage and attitudes, and Online retail
• Research publish date: 12 March 2020

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]

Link

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

Published 25 March 2022