Not your coin: Design considerations for central bank digital currencies and private money

Central Bank Digital Currencies

This approach does not play to the [Bank of England’s] comparative advantage, as it involves building services for large numbers of retail customers rather than for financial institutions. Building user-friendly services for the general public is a strength of the UK private sector, which can also build on this experience to ensure they provide inclusive services (Bank of England 2020, 25).

Private sector digital currencies

Cryptocurrency stablecoins

Considerations

Conclusion

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