The report by the CCA Consultative Group on Innovation and the Digital Economy (CGIDE) provides an overview of the technical requirements for a retail central bank digital currency (CBDC) architecture. It is the result of discussions among CGIDE members and observers on CBDC objectives, policy considerations, and technological features. This collaborative effort outlines the key technological features that will shape a future CGIDE proposal for a CBDC proof of concept. The technical requirements considered in this proposal include interoperability, scalability, user-centric design, security, and data privacy. The document highlights the importance of collaboration among central banks to tackle the challenges of CBDC design and to develop a CBDC proof of concept that effectively addresses the technological priorities of CCA central banks. The proposed CBDC architecture, based on these technical requirements, aims to serve as a general reference for central banks conducting research on CBDC or developing their own initiatives. It is important to note that this report does not represent a policy position of CGIDE members and observers on the design, issuance, or adoption of CBDC, or on technical standards for CBDCs in general.
HomeCBDCbis_cbcd_updatesEssential Technical Criteria for a Fully Operational Central Bank Digital Currency (CBDC)...