CENTRAL BANK DIGITAL CURRENCIES- CBDCs

• Can you define what exactly a “digital currency” is? What do people mean by “cryptocurrencies” or
“stablecoins”? Define Central Bank Digital Currencies (CBDCs). What is the difference between “wholesale
CBDCs” and “general purpose CBDCs”?
• Should central banks issue their own digital currencies for use in the broader economy, or rather aim to
update and upgrade existing schemes? How do you think central banks and governments should react if a
non-native digital currency starts to gain market share in payments at the expense of native fiat currency?

• What are the feasibility requirements for a CBDC? What are the guiding principles that -according to the BIS
Working Group- a CDBC should meet? Which key features should it display?
• Are there any risks in your opinion on the roll-out of CBDCs?
• Can you list some examples of existing trials in CBDCs?
• Do you think China is promoting a CBDC to bypass dominance of the dollar in international payment
systems?

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