I’ve updated my tabulation of retail central bank digital currency (#CBDC) explorers. The changes are mostly minor, with some central banks shuffling up into the soon-to-pilot category. [See the update on my website]
Central bank digital currency technical guideline
The German Federal Office for Information Security (BSI) published a technical guideline (TR) describing requirements that ensure a high level of IT security for the backend systems that support the operation of a central bank digital currency (CBDC) ecosystem. If implemented, the CBDC ecosystem constitutes a critical infrastructure, and the TR aims to ensure that it is made resilient to a wide range of attacks. In addition to implementing the goal of security-by-design, this TR also considers some privacy aspects. [Read more at the BSI]
Towards acceptance criteria for a digital euro
An IU International University of Applied Sciences paper presented the results of a survey of 207 Germans regarding their attitudes towards a digital euro. The results suggest that a digital euro should be designed as a digital version of physical cash, and it should be well and seamlessly integrated into the existing landscape of banking applications. However, the potential benefits are not yet clear, especially regarding transparency and trustworthiness, and some respondents perceived little added value compared to bank accounts or cash. [Read more at EconStor]
Tel Aviv Stock Exchange to offer crypto services via Fireblocks pact
The Tel Aviv Stock Exchange (TASE) has signed an agreement with the digital asset platform Fireblocks to jointly offer a range of new digital asset products and services. The TASE noted that the new partnership will enable it to provide institutional-grade digital asset solutions for regulated entities. TASE had previously worked with Fireblocks and the Israeli Ministry of Finance on Project Eden, a proof-of-concept (PoC) that tested the atomic settlement of tokenized government bonds using digital payment tokens on a blockchain-based platform. [Read more at the TASE]
*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.
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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