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Central Bank Digital Currencies: assessing implementation possibilities and impacts

Published on Wednesday, March 29, 2017 | Updated on Sunday, May 13, 2018

Document number 17/05

Central Bank Digital Currencies: assessing implementation possibilities and impacts

Following advances in the distributed ledger technology, central banks are assessing the issuance of digital currency. There's a range of possible schemes to adopt depending on which features of cash to hold: universality, anonymity and non-yield bearing. We analyze opportunities and challenges of 4 key schemes, that support a strategy of gradual testing and implementation

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