Yves Mersch set out the European Central Bank (ECB)’s latest thinking around, and potential next steps in relation to, central bank digital currencies (CBDCs) in a wide ranging speech to the Consensus 2020 virtual conference on 11 May 2020. He reviewed the key drivers and concerns in relation to CBDCs before setting out some overarching principles that CBDCs should satisfy and potential technical models; he also highlighted the challenges of addressing the potential disintermediation of commercial banks. The Bank of England (BoE) also considers these themes, amongst others, in its discussion paper “Central Bank Digital Currency – Opportunities, challenges and design” published in March 2020.
Continue read: https://hsfnotes.com/fsrandcorpcrime/2020/06/01/will-cbdcs-be-the-public-sector-response-to-gscs-in-the-uk-and-eu/
