In conjunction with IBM, the Official Monetary and Financial Institutions Forum (OMFIF) released a
report including a survey about Central Bank Digital Currencies (CBDC). While it reiterates the wide-spread reservations about retail CBDCs, the paper focused purely on a wholesale or institutional CBDC which it says is “certain to be implemented in the future”.
The OMFIF is an independent think tank for central banking with members from central banks, sovereign funds, public pension funds, and financial institutions.
The report highlights the tension between trying to reimagine new systems that distributed ledger technologies (DLT) enable, versus trying to use the latest technology with existing models and processes.
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