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RSCoin

Research

United Kingdom

Central Bank(s)

Bank of England

Announcement Year

2015

Status

Research

Retail/Wholesale

Retail

Main motivation/goals of the CBDC

The architecture of the CBDC is currently undecided. The BOE is still exploring the tradeoffs between a direct model and a hybrid model, but according to the latest discussion paper, is leaning towards a hybrid model.

Description

The BoE was one of the first central banks to initiate research into CBDCs with its February 2015 "One Bank Research Agenda" discussion paper. Now, the BoE is continuing its research.

Link to announcement

Timeline

Last update: June 2015

June 2015

Status updated

None Research

Added data

Announcement Year: 2015

Retail/Wholesale: Retail

Description: The BoE was one of the first central banks to initiate research into CBDCs with its February 2015 "One Bank Research Agenda" discussion paper. Now, the BoE is continuing its research.

Main motivation/goals of the CBDC: The architecture of the CBDC is currently undecided. The BOE is still exploring the tradeoffs between a direct model and a hybrid model, but according to the latest discussion paper, is leaning towards a hybrid model.

Link to announcement: www.bankofengland.co.ukwww.bankofengland.co.uk

Country / Region: United Kingdom

Central Bank(s): Bank of England

News

No recent news found for this currency.