As a result of the digital currency research conducted by the seven major central banks and the Bank for International Settlements (BIS), the importance of cooperation between public institutions and the private sector was emphasized.
In the jointly conducted study, digital central bank currencies (CBDC) can affect the security and stability of the financial system, thus “carefully designed and implemented” declared to be needed.
Examples of measures that central banks can take; placing a limit on the amount of CBDC citizens can hold in their wallets and To introduce some criteria for users who can access CBDC steps listed.
The report, which is a continuation of last year’s work, was prepared with the participation of the central banks of Europe, USA, England, Sweden, Switzerland, Japan and Canada.
Researchers believe that an easy money flow should be provided between different payment systems and therefore your interoperability, for CBDC projects “an essential feature” says it will.
To provide this feature technical infrastructure, common legal frameworks and data messaging standards Explaining that studies should be carried out on the subject, the researchers emphasized that it is necessary to discuss with the stakeholders of the relevant fields in order to solve the problems that may be encountered in this process.
Central banks involved in the digital currency study plan to strengthen the dialogues they have established both at home and abroad on the subject.