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+{% extends "common/news.j2" %} {% block body_content %}
+
+<h1>2022-5: &quot;Who comes after us? The correct mindset for designing a Central Bank Digital Currency&quot; published by SUREF</h1>
+
+<h2>Background</h2>
+<p>
+The title of the paper refers to the former DIRNSA, who claimed that
+"nobody comes after us" just before the NSA lost control of its data
+on Afghanistan collaborators to the Taliban. The paper urges for this
+cautionary tale to be considered when central banks are creating
+digital currencies.
+</p>
+
+<h2>Abstract</h2>
+<p>
+In December 2021 the European Central Bank (ECB) published a report on
+"Central Bank Digital Currency: functional scope, pricing and controls" in its
+Occasional Paper Series [BPT21], detailing various challenges for the Digital
+Euro. While the authors peripherally acknowledge the existence of token-based
+payment systems, the notion that a Digital Euro will somehow require citizens
+to have some kind of central bank account is pervasive in the paper. We argue
+that an account-based design cannot meet the ECB’s stated design goals and
+that the ECB needs to fundamentally change its mindset when thinking about its
+role in the context of the Digital Euro if it wants the project to
+succeed. Along the same lines, the French National Council for Digitalization
+published a report on "Notes and Tokens, The New Competition of Currencies"
+[DGTV21]. Here, the authors make related incorrect claims about inevitable
+properties of Central Bank Digital Currencies (CBDCs), going as far as stating
+that a CBDC is not possible without an eID system. Our paper sets the record
+straight.
+</p>
+<h4>Download links</h4>
+<ul>
+ <li><a href="https://www.suerf.org/policynotes/46097/who-comes-after-us-the-correct-mindset-for-designing-a-central-bank-digital-currency">HTML
+(English)</a></li>
+ <li><a
+href="https://www.suerf.org/docx/f_cd24c3cabd88307c9c9299817143ba5d_46097_suerf.pdf">PDF (English)</a></li>
+</ul>
+
+{% endblock body_content %}