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…

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…

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,…

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…

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…

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,…

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.

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…

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…

ECB: Financial Industry Adoption of Distributed Ledger Technologies — Implications for Central Bank Money Settlement

The Eurosystem — consisting of the European Central Bank (ECB) and national central banks in the euro area — is analysing the potential impact of emerging technologies, including DLT, on the settlement of wholesale financial transactions. This work was…