Banque de France publishes 2nd report on DLT-based wCBDC experiments
The Banque de France (BdF) published an updated set of conclusions and lessons learned from its twelve distributed ledger technology (DLT) based wholesale central bank digital currency (CBDC) experiments. They show the operational feasibility and practical implementation of the three models it has conceptualized for issuing DLT-based wholesale CBDC; the interoperability, distribution and integration models. They all address key aspects of wholesale CBDC implementation and each model offers different capabilities and functionalities compared to the conventional systems, so they can be complementary rather than exclusive. [Read more at the BdF]
Bank of Japan launches forum with 60 firms on digital yen pilot program
The Bank of Japan (BoJ) launched a CBDC Forum comprised of 60 companies around various themes relating to the potential issuance of a digital yen. Companies were drawn from a range of industries including banking, payment services, retail, information technology, and fintech. Initial working groups will cover fundamental external systems CBDC connectivity, and CBDC system overlay services. Future groups will cover user onboarding, user device interfaces/ experience, and horizontal coexistence with other payment instruments. [Read more at the BoJ]
*For those interested in intra-day updates, check out my searchable Diigo Fintech developments database, which is also a good place to go to query for past developments: https://www.diigo.com/user/kiffmeister/ART.
Upcoming conferences, webinars and speaking engagements:
- I’ll be lecturing at the Digital Euro Association (DEA) Digital Money Academy on July 27, 2023. [Register here]
Kiffmeister’s central bank digital currency monthly monitor
Just a reminder that I produce a monthly digest of central bank digital currency (CBDC) developments exclusively for the official sector. So (only) if you work at a central bank, ministry of finance or international financial institution (e.g., the BIS, IMF, OECD, World Bank) and who would like to receive it by email on the first business day of every month, please DM me on LinkedIn or email me at chronicles@kiffmeister.com.
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