7 central banks and BIS continue examination of ongoing policy issues for retail CBDC By Cointelegraph

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7 central banks and BIS continue examination of ongoing policy issues for retail CBDC

Published May 25, 2023 03:00PM ET Updated May 25, 2023 04:40PM ET

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7 central banks and BIS continue examination of ongoing policy issues for retail CBDC

The Bank for International Settlements (BIS) and a group of central banks have published a paper detailing their “ongoing policy perspectives” on a retail central bank digital currency (rCBDC). The new publication is the fifth from the same authors.

The central banks of Canada, the European Union, Japan, Sweden, Switzerland, England and the United States teamed up with BIS to produce a short document in 2020 that established common principles and key features they found desirable in an rCBDC. That was followed a year later by three reports on more narrow questions an rCBDC would face.

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