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Tuesday, January 21, 2020 / 05:41 PM / By BIS / Header Image Credit: cryptolinenews.com
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 Coeure, 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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