A Simpler CBDC

Many of the central banks pursuing the goal of developing a Central Bank Digital Currency (CBDC), including early leaders, such as the Swedish Riksbank, are finding that designing a workable CBDC is proving extremely difficult. Many solutions would introduce significant changes, and thus considerable operational risks, into their respective banking systems; so much so, that the Bank for […]

CBDC – How Dangerous is Programmability?

Among Central Bankers, the issuance of a Central Bank Digital Currency (CBDC) is a topic of great interest. The Bank for International Settlement (BIS) has recently published a report showing that many central banks are conducting research and experiments and a small number are already deploying pilot projects. Research projects have been set up by European Central Bank (ECB), […]