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| author | Christian Grothoff <christian@grothoff.org> | 2021-02-23 21:48:19 +0100 |
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| committer | Christian Grothoff <christian@grothoff.org> | 2021-02-23 21:48:19 +0100 |
| commit | a36b8af89bdbb9a91686bd73f244dba2fa3b02f7 (patch) | |
| tree | 80c0fc64341266232381ae91e17d73335eae8a6c | |
| parent | c9db60628148cf7eec0b304a0a3e37a2600ea91a (diff) | |
| download | www-a36b8af89bdbb9a91686bd73f244dba2fa3b02f7.tar.gz www-a36b8af89bdbb9a91686bd73f244dba2fa3b02f7.tar.bz2 www-a36b8af89bdbb9a91686bd73f244dba2fa3b02f7.zip | |
make RSS happier
| -rw-r--r-- | news/2021-01.html.j2 | 14 |
1 files changed, 2 insertions, 12 deletions
diff --git a/news/2021-01.html.j2 b/news/2021-01.html.j2 index 3ef1ba51..a2f16756 100644 --- a/news/2021-01.html.j2 +++ b/news/2021-01.html.j2 @@ -2,20 +2,10 @@ {% block body_content %} <h1>2021-2: "How to issue a Central Bank Digital Currency" published</h1> <p> -We are happy to announce the publication of our paper on "How to Issue a Central Bank Digital Currency" -by the <a href="https://snb.ch/">Swiss National Bank</a>. +We are happy to announce the publication of our paper on "How to Issue a Central Bank Digital Currency" 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> |