Central Bank Group to Assess Potential Cases for Central Bank Digital Currencies
Central Bank Group to Assess Potential Cases for Central Bank Digital Currencies
January 21, 2020
Bank of Japan
The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the
Sveriges Riksbank and the Swiss National Bank, together with the Bank for International
Settlements (BIS), have created a group to share experiences as they assess the potential
cases for central bank digital currency (CBDC) in their home jurisdictions.
The group will assess CBDC use cases; economic, functional and technical design choices,
including cross-border interoperability; and the sharing of knowledge on emerging technologies.
It will closely coordinate with the relevant institutions and forums -- in particular, the Financial
Stability Board and the Committee on Payments and Market Infrastructures (CPMI).
The group will be co-chaired by Benoit Coere, Head of the BIS Innovation Hub, and Jon
Cunliffe, Deputy Governor of the Bank of England and Chair of the CPMI. It will include senior
representatives of the participating institutions.
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