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High-level technical requirements for a functional central bank digital currency (CBDC) architecture
Central bank digital currencies (CBDCs) are digital payment instruments issued by central banks. They entail a new public infrastructure that offers many different technical options and functionalities. As each central bank explores the features that are most relevant for the policy goals of their own jurisdiction, it can be very helpful to share experiences with peer institutions. This may be particularly relevant in the light of future interoperability between CBDCs. In this context, this report introduces a series of high-level technical requirements for a retail CBDC proof of concept agreed by the BIS ... (full story)