Summary of the CBDC Technology Forum Meeting – March 2023

The CBDC Technology Forum held its sixth meeting on 14 March 2023, with Tom Mutton (Chair) welcoming the Members. During the meeting, the Bank of England provided a summary of the Consultation Paper and the accompanying Technology Working Paper, which were published on 7 February 2023. The presentation focused on the proposed distribution model, technology design considerations, and conceptual architecture for the UK CBDC, known as the digital pound. The Members of the Forum expressed their appreciation for the publication of these papers and showed keen interest in the suggested technical requirements and metrics. Specifically, they were interested in further exploring the privacy, resilience, and performance requirements outlined in the Technology Working Paper.

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