On Monday, Benoît Cœuré, the head of the BIS Innovation Hub, said “when it comes to wholesale CBDCs it’s very likely that blockchains will be involved.” Many of the world’s central banks are collaborating on CBDC research with the BIS Innovation Hub, which recently published a CBDC paper.
Cœuré was talking during the 2020 OECD Global Blockchain Policy Forum.
There are two choices for central bank digital currencies (CBDC), token-based, which implies blockchain or account-based. But most of the financial institutions targeted by a wholesale CBDC already have central bank accounts. Referring to these accounts, Cœuré said, ‘that’s not wholesale CBDC, that’s the traditional way to do it.” And it’s often tokens that are desirable.
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