Charlotte Hill and Katie Fry-Paul discuss CBDCs for City AM

Growing interest in Central Bank Digital Currencies (CBDCs) has widely been viewed as a response by central banks to the emergence of private stablecoins.

Regulators and intergovernmental organisations have been working to understand the risks and potential of stablecoins, and many central banks have been advancing CBDC projects with great energy, and for some time, also driven by a long-term trend towards digital forms of currency and cashless economies.

This article outlines some of the principal considerations in the design of CBDCs, how they will work across borders, and specifically how they will be regulated under the UK regime.

Read the full article first published in City AM on 10 September 2020.