TechDispatch : central bank digital currency; #1/2023

Countries around the world are examining whether they should offer central bank money to the public not only as banknotes and coins, but also in digital form. The fact that the majority of central banks around the world have already started exploring the possibility of launching a state-owned digital currency comes as a response to the increased adoption of digital, contactless payments, cryptocurrencies and e-commerce, further accelerated by Covid-19, and also due to the possibilities offered by these digital currencies as a more flexible monetary tool compared to the existing non-digital currency. Privacy, the protection of personal data and security are amongst the most important requirements, which impact the core design choices to be taken, as well as expected citizens' trust and acceptance.