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Cyber attacks on critical infrastructure are among the top five risks with the greatest potential global impact. A future central bank digital currency (CBDC) system would be considered a critical national infrastructure, as real-time gross settlement (RTGS) systems are today.

The institution cited rising exploits against DeFi as a need for more secure CBDCs.

Decentralised finance (DeFi) continues to revolutionise the financial industry. Cryptocurrencies in particular have enjoyed a remarkable adoption rate due to their accessibility and low transaction fees, all without the need for intermediaries as in the case of traditional banks.

The theoretical network would help the dollar maintain its status internationally with “game-changing” improvements in service.

The CBDC aims to enhance the country’s potential for foreign trade with nations that lack U.S. dollar reserves.

Keynote speech by Mr Burkhard Balz, Member of the Executive Board of the Deutsche Bundesbank, at the School of Economics, Cape Town, 30 June 2023.

The Chinese city of Jinan is pushing for CBDC adoption by implementing digital yuan payments across its entire bus network.

Report recommends interoperability via “token switching” and common messaging standards

European Union lawmakers have agreed to move ahead with the controversial European Data Act, which has previously drawn criticism from the crypto community.

Dilip Rao, a former Ripple executive who’s now leading Australia’s CBDC pilot, has been examining 14 possible use cases of central bank digital currencies.

Legislation envisages digital wallet available on- and offline, while safeguarding cash

Project Mariana uses an automated market maker to reduce settlement risk and to create a liquidity pool in place of order books.

The underpinning technology for the U.K.’s CBDC could use an alternative to blockchain technology.