CBDC

OUR CBDC Pages


Central Bank Digital Currency

Many Central banks are contemplating the release of CBDC. CBDC drives most of the institutional interaction with Central banks today, this can be seen as "Wholesale CBDC". This is a well understood concept and is used every day. CBDC for retail is what we are really talking about when we say CBDC.

to be reorganized (projects|papers|presentations)

Central Bank Digital Currency: Towards A Composable Standards-Based Implementation
Review of Whitepaper on CBDC

Numerous Articles on CBDC from Vipin Bharathan

Forbes
https://www.forbes.com/sites/vipinbharathan

Medium article on monetary policy and CBDC: https://medium.com/@vipinsun/central-bank-digital-currency-1af7e072e660

Our projects

eThaler


xcsi


Custody Workshop

Presentations

Talk at Boston Hyperledger Meetup with Public Sector SIG

Vipin Bharathan, chair CMSIG

CBDC rationale, design & challenges.pdf - the pdf handout

The youtube meeting recording


Forbes The future of CBDCs and cryptocurrency From 23:58

With Ezecheil Copic, Fiona van Echelpoel, Benedicte Nolens and Marcelo Prates moderated by Vipin Bharathan

https://www.forbes.com/sites/forbesinnovationteam/2021/08/05/competitors-or-collaborators-the-future-of-cbdcs-and-cryptocurrency/?sh=1ac98d5c1801

ECB PoC on CBDC

The European Central Bank organized the experts from ESCB to create a PoC under their EuroChain research lab. Working with Corda and Accenture to implement this.

https://www.ecb.europa.eu/paym/intro/publications/pdf/ecb.mipinfocus191217.en.pdf

What are the important features of this PoC?

  • Anonymous as cash (at least that is the claim) and does not earn interest (or more importantly does not get slammed with negative interest)- especially for lower valued transactions
  • Uses separate Intermediaries for custody and interaction by retail customers; ECB or Central banks do not interact directly with retail customers
  • Only Central Banks can issue CBDC
  • AML/KYC authority controls the amounts and destination (payee) since embargoed individuals can never receive payments.