Happy Friday, Blockfolians
There is no doubt that central bank digital currencies are one of the key narratives of crypto 2020. Every day it seems like another country throws its hat into the ring to begin research or even trials of a new digital currency.
Today, seven central banks and the Bank for International Settlements put out a 26-page report on how CBDCs should be designed.
As you can see from the image below, the report goes deep on specific features:
Perhaps even more significant, however, is the caliber of the banks involved:
Bank of Canada
Bank of England
Bank of Japan
European Central Bank
Swiss National Bank
What’s clear is that this isn’t just a small government thing. The partners here represent some of the largest central banks in the world. For better or worse, CBDCs are coming.
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