Montenegro CBDC
ResearchMontenegro
Central Bank(s)
Central Bank of Montenegro
Announcement Year
2023
Status
Research
Retail/Wholesale
Retail
Structure
Token
Technology Provider
Ripple
Technology
XRP Ledger
DLT / non-DLT
DLT
The goal is to analyze the advantages and risks that CBDCs or national stablecoins could pose concerning electronic means of payment availability, security, efficiency, compliance with regulations, and most importantly, the protection of end users’ rights and privacy.
We remark that there is controversy on the definition of this project. We have decided to categorize this initiative as a retail CBDC, as it is issued by the central bank and denominated in the country’s unit of account.
Link to announcement
Last update: April 2023
April 2023
None → Research
Announcement Year: 2023
Retail/Wholesale: Retail
Structure: Token
Technology Provider: Ripple
Technology: XRP Ledger
Description: We remark that there is controversy on the definition of this project. We have decided to categorize this initiative as a retail CBDC, as it is issued by the central bank and denominated in the country’s unit of account.
DLT / non-DLT: DLT
Main motivation/goals of the CBDC: The goal is to analyze the advantages and risks that CBDCs or national stablecoins could pose concerning electronic means of payment availability, security, efficiency, compliance with regulations, and most importantly, the protection of end users’ rights and privacy.
Link to announcement: www.coindesk.com
Country / Region: Montenegro
Central Bank(s): Central Bank of Montenegro
No recent news found for this currency.