Central Banking

DLT not ‘necessary’ for central bank digital currency – BoE economist


It may not be necessary to use distributed ledger technology if a central bank decides to issue its own digital currency, according to an economist at the Bank of England.

Simon Scorer from the central bank’s digital currencies division explores the technological requirements of a central bank digital currency (CBDC) in the bank’s latest blog post.

“It could be sensible to approach this issue the same way you would any IT systems development problem – starting with an analysis of requirements

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