taler-www

commit a36b8af89bdbb9a91686bd73f244dba2fa3b02f7
parent c9db60628148cf7eec0b304a0a3e37a2600ea91a
Author: Christian Grothoff <christian@grothoff.org>
Date:   Tue, 23 Feb 2021 21:48:19 +0100

make RSS happier

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 <h1>2021-2: &quot;How to issue a Central Bank Digital Currency&quot; published</h1>
 <p>
-We are happy to announce the publication of our paper on &quot;How to Issue a Central Bank Digital Currency&quot;
-by the <a href="https://snb.ch/">Swiss National Bank</a>.
+We are happy to announce the publication of our paper on &quot;How to Issue a Central Bank Digital Currency&quot; by the <a href="https://snb.ch/">Swiss National Bank</a>.
 </p>
 <p>
-With the emergence of Bitcoin and recently proposed stablecoins from BigTechs, such as
-Diem (formerly Libra), central banks face a choice of either leaving the field to private actors
-or offering their own digital alternative to physical cash. We do not address whether a central
-bank should issue a central bank digital currency (CBDC). Instead, we demonstrate how a
-central bank could do so, if desired or needed. We propose a token-based system without
-distributed ledger technology and show how earlier-deployed, software-only electronic cash
-can be improved upon to preserve transaction privacy, meet regulatory requirements in a
-compelling way, and offer a level of quantum-resistant protection against systemic privacy
-risk. Neither monetary policy nor financial stability would be materially affected because our
-CBDC would replicate physical cash rather than bank deposits.
+With the emergence of Bitcoin and recently proposed stablecoins from BigTechs, such as Diem (formerly Libra), central banks face a choice of either leaving the field to private actors or offering their own digital alternative to physical cash. We do not address whether a central bank should issue a central bank digital currency (CBDC). Instead, we demonstrate how a central bank could do so, if desired or needed. We propose a token-based system without distributed ledger technology and show how earlier-deployed, software-only electronic cash can be improved upon to preserve transaction privacy, meet regulatory requirements in a compelling way, and offer a level of quantum-resistant protection against systemic privacy risk. Neither monetary policy nor financial stability would be materially affected because our CBDC would replicate physical cash rather than bank deposits.
 </p>
 <h4>Download links</h4>
 <ul>