NZ Reserve Bank pleased with strong public interest in the Future of Money
The New Zealand Reserve Bank published a summary of responses to three 2021 “future of money” issues papers, one of which canvassed issues and options for a potential central bank digital currency (CBDC). Feedback reinforced the need for privacy to be a critical feature of any potential CBDC. Concerns were also expressed about social inclusion of the digitally excluded, and the limited use case of CBDC given existing alternatives both in digital bank money and crypto-assets. [Read more]
Argentine Central Bank Explores Central Bank Digital Currency
Banco Central de la República Argentina published a paper that summarizes the design and architecture alternatives under study to minimize some of the risks of issuing a retail CBDC. There are no indications in the paper that the central bank has plans for deeper exploration. [Read more]
Towards the holy grail of cross-border payments
This paper, co-authored by the European Central Bank’s Ulrich Bindseil, describes current potential “holy grail” ways to cheap cross-border payments that settle immediately in a secure settlement medium. It concludes that several solutions are suitable and some may even be the holy grail. [Read more]
Upcoming events I’m affiliated with:
The Bank of Ukraine will present virtually on their E-Hryvnia retail CBDC project on May 3 (at 08:00 EST) at the CBDC Think Tank [Register here]
Satoshi Capital Advisors is hosting a virtual workshop on wholesale CBDC, stablecoins and digital capital markets on May 24 (starting at 08:00 EST). [Register here with the passcode: CBDC]
