Subject: DRAFT - eCurrency Newsletter - December 2020

Newsletter  |  December 2020
Your source for CBDC development updates

FOCUS ON TECHNOLOGY
As central banks around the world consider the adoption of Central Bank Digital Currency (CBDC), there is ongoing debate regarding the correct architecture and technology to be used for implementing CBDC.  eCurrency's DSC³ technology enables central banks to create and issue a safe, secure and non-counterfeitable CBDC as a digital bearer instrument while also meeting central bank requirements.

The recently published white paper details the key characteristics of DSC³ technology and how DSC³ meets central banks' operational and policy requirements.



GLOBAL FORUMS

eCurrency Chief Economist, Bejoy Das Gupta, joined other leading CBDC experts on the 'Deep Dive on CBDC' panel to discuss if CBDCs could transform the economy during the Central Bank of the Future Conference hosted by the Federal Reserve Bank of San Francisco in partnership with the University of Michigan's Center on Finance, Law and Policy. Watch
eCurrency, CEO, Jonathan Dharmapalan participated in a panel during the IMF Annual Meetings discussing Cross-Border Payments and Digital Currency. Jonathan highlights the importance of central banks' involvement. 
Thomas Kudrycki, CTO of eCurrency participated in the CBDC Forum held on October 16, 2020. The CBDC Forum brought together the brightest minds to provide insights on continued technological transformations in digital currencies. Watch

CENTRAL BANK OUTLOOK

Central bank digital currencies: foundational principles and core features
The Bank of Canada, European Central Bank, Bank of Japan, Sveriges Riksbank, Swiss National Bank, Bank of England, Board of Governors of the Federal Reserve and Bank for International Settlements have collaborated on a report setting out common foundational principles and core features of a CBDC.  Read More
Security and convenience of a central bank digital currency
In these staff notes, the Bank of Canada reports that the central bank could mitigate potential security risks in the design of the CBDC by limiting balances or transfers, modifying liability rules or imposing security protocols on storage providers. Read More
Report on a digital euro
This report examines the issuance of a central bank digital currency (CBDC) – the digital euro – from the perspective of the Eurosystem. Such a digital euro would be a central bank liability offered in digital form for use by citizens and businesses for their retail payments. It would complement the current offering of cash and wholesale central bank deposits. Read More
Comparing Means of Payment: What Role for a Central Bank Digital Currency? 
This paper, by the US Federal Reserve Board, looks at the potential benefit that a central bank digital currency (CBDC) could provide in the context of existing payment mechanisms. Read More

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