2020 has pushed the attention to the issuance of digital currencies by central banks (CBDCs) on the actual development of projects which put at the centre the possibility to take advantage of rising applications in the payment system of technologies like DLT and Blockchain.
The first notice of attention about the possibility for a central bank to issue CBDCs is that of the Bank of Canada. It was 2016, and a paper issued by the Canadian central bank exploring a framework for assessing the reason and the way of issuing a CBDC (Fung & Halaburda, 2016).
In 2014, Xiaochuan Zhou, then Governor of the People's Bank of China, established a Digital Currency Research Institute intending to explore its potential use for the PBOC, the country’s central bank. The following few years saw the birth of a few research centres scattered across the country. Now, the EPDC of the PBOC is becoming a reality being tested as pilot projects have been ongoing in Shenzhen, Xiongan, Chengdu, and Suzhou, where it’s being used for transportation, education, healthcare, and other consumer goods and services.
Finally, the BIS published in October a report jointly with a group of world central banks interested in developing a project (or already doing it) on CBDCs. This year was officially the start of the Eurozone where the ECB published in October a report on a digital euro and opened up a public consultation about it which is going to end in succeeding January.
We will share the thoughts and ideas of five valuable speakers and experts of CBDCs and technology innovation.
If you wish to join us, please register here.
To know who are the panellists, please see more here.
We are looking forward to joining you!