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Central banks form a group to assess potential cases for digital currencies
A press release published on the ECB's website reveals that the Bank of Canada (BoC), the Bank of England (BoE), the Bank of Japan (BoJ), the European Central Bank (ECB), the Sveriges Riksbank (Riksbank) and the Swiss National Bank (SNB) have formed a group to share experiences as they study the potential cases for central bank digital currency (CBDC) in their home jurisdictions. The Bank for International Settlements (BIS) is also joining this group.
According to the release, the group will assess CBDC use cases; economic, functional and technical design choices, including cross-border interoperability; and the sharing of knowledge on emerging technologies. It will closely coordinate with the relevant institutions and forums.
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