BIS published a paper on the use of CBDCs in emerging market economies
The Bank for International Settlements (BIS) has published a paper on the potential of central bank digital currencies (CBDCs) in emerging market economies.
Apart from technical issues related with CBDC design, the paper contains documents prepared for a meeting of representatives of 26 central banks in emerging market economies, including the National Bank of Poland.
The paper also reports each central bank’s stance and opinion on, and approach to, various aspects of CBDC. The potential benefits that prompt central banks to get involved in the work on CBDCs include, among others, a more efficient payment system and the motivation to take financial integration further.
However, central banks notice a series of challenges, such as potential threats to cybersecurity.
