ECB publishes second progress report on the digital euro investigation phase

ECB publishes second progress report on the digital euro investigation phase

Source: ECB The ECB has published the second progress report on the investigation phase of a digital euro. It outlines the developments made since the first progress report, which was published in September 2022. The report details a second set of design and distribution options that were recently endorsed by the Governing Council and describes the roles of the […]

Project Aurum: a prototype for two-tier central bank digital currency (CBDC)

Project Aurum a prototype for two-tier central bank digital currency (CBDC)

Source: BIS Project Aurum is a collaboration between the BIS Innovation Hub Hong Kong Centre, the Hong Kong Monetary Authority, and the Hong Kong Applied Science and Technology Research Institute. Aurum is a full-stack (front-end and back-end) central bank digital currency (CBDC) system comprising a wholesale interbank system and a retail e-wallet system. The aim was […]

Working Paper Series: Towards the holy grail of cross-border payments

Original Source: ECB Abstract The holy grail of cross-border payments is a solution allowing cross-border payments to be immediate, cheap, universal, and settled in a secure settlement medium. The search for such a solution is as old as international commerce and the implied need to pay. This paper describes current visions how to eventually find […]

Designing interoperability for a potential UK CBDC

Original Source: UK Finance The Bank of England (the Bank) and HM Treasury are currently considering whether the introduction of a UK retail central bank digital currency (CBDC) would be beneficial for the UK economy and the continued integrity of pound sterling in light of increasing use of digital money. This decision could have a […]

Commercial models of a potential UK retail CBDC

Original Source: UK Finance The Bank of England (the Bank) and HM Treasury are currently considering whether the introduction of a UK retail central bank digital currency (CBDC) would be beneficial for the UK economy and the continued integrity of pound sterling in light of increasing use of digital money. This decision could have significant […]

IRSG Report – The Use of Central Bank Digital Currencies (CBDCs) in Wholesale Markets

Original Source: IRSG There is accelerating momentum behind the development of CBDCs. Many central banks are exploring whether and how to establish CBDCs and some have already done so. And, there are many benefits to the inclusion of CBDCs in the current payments landscape, including broader accessibility, better record keeping and making payments more efficient. […]