
Central bank digital currencies: legal and system design considerations
By Bank for International Settlements (BIS), Bank of Canada, Bank of England, Bank of Japan, European Central Bank, The US Federal Reserve, Sveriges Riksbank, Swiss National Bank
The authorities have been exploring key aspects of CBDCs for the public. While no jurisdiction has yet decided to issue a retail CBDC, recent reports focus on legal and system design considerations. The legal paper addresses issues like CBDC classification, participant obligations, privacy, and cross-border concerns.
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