Yesterday, the Deutsche Bundesbank announced plans to work with the Massachusetts Institute of Technology’s Digital Currency Initiative (MIT DCI) to explore privacy and security solutions for central bank digital currency (CBDC).
“The MIT DCI is working intensively on innovative topics that concern us here in Europe, too, such as the reconciliation of security and privacy requirements with the tasks of central bank digital currency,” said Bundesbank President Joachim Nagel.
We assume this research relates to the Eurosystem’s retail digital euro work. To our knowledge, the Bundesbank is not actively working on a wholesale CBDC. As part of the separate Eurosystem wholesale DLT trials for central bank money settlement, it is providing the Bundesbank trigger solution that links to the Target2 system. Within the Eurosystem, the Banque de France has a wholesale CBDC solution.
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