Bank Of England Issues Working Paper On Central Bank Digital Currencies
Authored by Ana Alexandre via CoinTelegraph.com,
On May 18, the Bank of England released a staff working paper, laying out various scenarios of possible risks and financial stability issues of central bank digital currencies (CBDCs).
image courtesy of CoinTelegraph
The paper constructs three models of CBDC depending on the sectors that have access to CBDC, from a narrow CBDC where access is limited to banks and non-bank financial institutions (NBFIs), to direct and indirect access extended...