CBPN Latest News
Cash
Exploring the Future of Cash in Germany: A Foresight Study
The Bundesbank has turned its attention to exploring what sort of long-term future cash might have in Germany. In order to be able to proactively shape the evolution of cash in light of the trends we are currently seeing, we need an idea of the environment in which cash will be embedded in future. W...
CBDC
Digital Currency as a Means of Public-Private Competition and Cooperation
At the Bank of Israel, as in many other countries, we are actively exploring the potential of a retail CBDC. The journey towards a digital shekel requires navigating complex challenges, including addressing financial stability concerns and ensuring that it operates within a robust framework of trust...
Books
Central Banking at the Frontier: Creating a Digital Financial Landscape
Central Banking at the Frontier: Creating a Digital Financial Landscape aims to guide readers through the emerging digital financial landscape from a central banking perspective, providing a glimpse into the challenges that the central banks are facing, and how the central banks might be able to res...
CBDC
Kyrgyzstan on the Path to Creating a Digital Som
Like many other countries around the world, Kyrgyzstan is researching and defining an approach to introducing a national digital currency and testing the concept of the digital token (PoC). On May 25, 2022, the Board of the National Bank of the Kyrgyz Republic adopted the Digital Som concept.
Regulations
EMTECH: Managing Risk and Implementing Compliance Processes
One of the most pressing challenges facing fintechs and impacting central banks is how to ensure regulatory compliance. With highly fragmented regulatory requirements, risk monitoring and reporting methods, a more integrated compliance management platform is an essential tool for survival and growth...
Fraud
Lipis Advisors: Get Your Head Out of the Sand — Best Practices in Fraud Prevention
Effectively preventing fraud as well as identifying bad actors and recovering ill-gotten funds requires cooperation among payment system stakeholders. Chief Executive Dr Leo Lipis and Director Andrew Gómez of Lipis Advisors present thoughts about fraud, the challenges involved in preventing it, and ...
Artificial Intelligence
AI 2030: Three Ways AI is Shaping the Central Banking Landscape
Xiaochen Zhang, Chief AI Officer & Executive Director at AI 2030, outlines three ways AI is pushing central banks to evolve and how they can seize this moment to create a future-oriented, frictionless, and personalised financial system for all.
CBDC
Function Before Form - Assumptions to Avoid When Designing Retail CBDC Systems
This whitepaper from Crunchfish highlights the problems of making premature design decisions on CBDC form without realizing its limiting consequences on the function and presents alternatives that are more suited for delivering the desired function. Defining function before form is of paramount impo...
CBDC
Legal Considerations for the Deployment of a Central Bank Digital Currency
The successful pilot testing of the eCedi, the Bank of Ghana’s CBDC, provided practical insights into the legal implications of testing or implementing a CBDC. This paper seeks to offer basic guidance to any central bank or monetary authority that is considering exploring a CBDC.
In This Issue: October 2024
- Burkhard Balz, Member of the Executive Board at Deutsche Bundesbank, looks at three hypothetical scenarios for cash in Germany in the year 2037, the implications of declining access, and how society and policymakers should confront this evolving payments landscape.
- Bank of Israel Deputy Governor Andrew Abir discusses the bank's rationale for exploring a digital shekel and emphasises the role of CBDC as a promising means for promoting public-private competition and cooperation.
- Thammarak Moenjak of the Bank of Thailand gives us a preview of his new book, "Central Banking at the Frontier: Creating a Digital Financial Landscape."
- Plus, we catch you up on a busy month of news, present a curated list of reports you should be reading, and much more.