Reserve

<div class="cryptonews">
 <p class="is-style-lead">The Eurosystem has published a <a rel="noopener noreferrer nofollow" title="survey" href="https://thebittimes.com/tag/survey.html">survey</a> on its plans for trials and experiments on new technologies for wholesale central bank money settlement.&nbsp;</p>
 <p>The <a rel="noopener noreferrer nofollow" title="survey" href="https://thebittimes.com/tag/survey.html">survey</a> aims to gather feedback from market participants and stakeholders on the potential benefits, challenges, and use cases of a wholesale central bank digital currency (CBDC) that would facilitate cross-border payments and financial market infrastructures.</p>
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 <p>The <a rel="noopener noreferrer nofollow" title="survey" href="https://thebittimes.com/tag/survey.html">survey</a>, which is open until Nov. 15, covers four main topics:</p>
 <ul>
  <li>The current state of play and challenges in cross-border payments and financial market infrastructures.</li>
  <li>The possible features and design options of a wholesale CBDC.</li>
  <li>The potential impact and implications of a wholesale CBDC on the financial system and the economy.</li>
  <li>The possible scenarios and use cases for testing and experimenting with a wholesale CBDC.</li>
 </ul>
 <p>The survey is part of the Eurosystem’s ongoing work exploring the feasibility and desirability of issuing a digital euro for retail and wholesale purposes. The Eurosystem has already launched a public consultation on a retail digital euro, which would complement cash and offer a secure, accessible, and innovative means of payment for the general public. The results of the consultation will be published in early 2024.</p>
 <p>The Eurosystem has also published a report on the digital euro’s legal, technical, and policy aspects. It outlines different scenarios that could require the issuance of a CBDC and presents various design options and their implications. The report states that a digital euro would be an electronic form of central bank money accessible to all citizens and firms. It would not replace cash but rather complement it as a means of payment. It would ensure privacy, security, efficiency, and interoperability within the European payments system.</p>
 <p>The Eurosystem stresses that a decision has yet to be made on introducing a digital euro. The <a rel="noopener noreferrer nofollow" title="survey" href="https://thebittimes.com/tag/survey.html">survey</a> and the <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> of its results will be an essential input for such a decision. The Eurosystem will also conduct experiments and engage with other central banks and authorities to explore the feasibility and implications of a CBDC.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ecb-launches-survey-towards-cbdc-development-tbt66816.html">https://thebittimes.com/ecb-launches-survey-towards-cbdc-development-tbt66816.html</a></p>

ECB launches survey towards CBDC development

TheBitTimes

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