Central banks around the world are continuing to advance their CBDC initiatives. Several central banks have recently announced their intentions to conduct experiments, or have released expressions of interest, or have published working papers on the topic.  The Bank of Japan released a payment systems report earlier this month in which they describe the technical functionality required of CBDC in order for it to function as cash does, providing universal access and resilience. 

Recognizing the importance of technological innovation, the Bank of Thailand is launching a project to prototype a payments system for businesses using CBDC as announced in a press release.

Following the publication of a Staff Analytical Note on the Technology Approach for a CBDC earlier in the year, the Bank of Canada has published subsequent Notes on insights based on research of various aspects of CBDC.  The topics addressed include privacy, security, and designing CBDC for universal access.

Other monetary authorities are also launching projects to pilot and further their study of CBDC with the goal of creating economic growth, improving financial inclusion and achieving efficiencies through digitalization. With regular communications, we strive to continue to highlight the work of central banks and to provide information on the technology solution that fulfills the desired capabilities for implementing a secure, efficient and reliable central bank digital currency.

Feel free to contact eCurrency to learn more about how eCurrency CBDC solution, the world's first and only purpose-built security currency instrument that is insured against counterfeit and cyber attack, meets all requirements being set by central banks around the world.