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Canadian central bank identifies retail CBDC archetypes in theory-heavy analysis
Five patterns that recur in retail central bank digital currency (CBDC) designs were identified in a new Bank of Canada staff analytic note. The research focused on information organization and compared software rather than real or proposed CBDCs, and it examined the practical implications of its findings for retail payment systems. The author, Sriram Darbha, called the patterns he identified “archetypes.” They were characterized by how the CBDC’s state — information about its supply and ownership — was maintained and how it was updated. Those characteristics have implications for both bank policy and ... (full story)
