We are pleased to share the Whitechapel Think Tank report on CBDC and Digital Currencies –
THE IMPACT OF DIGITAL CURRENCY ON THE FUTURE OF PAYMENTS
The paper is the first of its kind to bring together subject matter experts across different disciplines, in understanding the benefits, uses cases, impacts and digital transformation possibilities opened up by the introduction of a UK retail CBDC and addresses the following:
- The Case for a UK Central Bank Digital Currency
- Important requirements for a UK CBDC
- Design and architectural thoughts for a UK CBDC
- The impact of a CBDC on the UK Payments Infrastructure
- The possible adoption of a CBDC
- Recommendations for a well designed CBDC
In the course of writing this paper, the FPWG identified a number of key policy considerations pertinent to the development and implementation of a UK CBDC:
