CBDC projects aim to complement cash – BIS survey

Bank for International Settlements
Photo: Louis Rafael Rosenthal

New research published by the Bank for International Settlements takes a detailed look at 32 different central bank-issued digital currency (CBDC) projects.

“None of the designs we survey is intended to replace cash; all are intended to complement it,” say authors Raphael Auer, Giulio Cornelli and Jon Frost. “In countries where digital payments are already very advanced, and cash use is declining, central banks may respond in particular to ensure the ongoing availability of a public sector

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