A key feature of a CBDC is that is electronic money that could be made available to the general public and businesses allowing them to make payments and store value. The Paper discusses the application of CBDCs in this context. The Paper notes that this is not a conclusive CBDC approach, but rather a basis for further exploration of the opportunities and challenges it could pose for payments, the BoE’s objectives and the wider economy.
Continue reading: https://www.corporatefinancialweeklydigest.com/2020/03/articles/financial-markets/boe-publishes-discussion-paper-on-central-bank-digital-currency/
