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The (R)evolution of money III CBDC is here, careful design needed now

March 23, 2022

In brief

The time for central banks to act is now. Central Bank Digital Currencies would offer new scope and possibilities for secure and instantaneous settlement, through consumer banks and trusted payment intermediaries.

Tokenization and Central Bank Digital Currencies

Digital medium of exchange

Success factors include:

Governance

Driving the necessary governance structures, rules and putting policies in place.

Growth & protection

Ensuring economic growth alongside security for consumer protection.

Control

Supporting the adoption of progressive approaches to currency control and use.

Central banks can act now as catalysts to help shape a new emerging financial architecture.

Ousmène Jacques Mandeng

SENIOR ADVISOR – GLOBAL BLOCKCHAIN TECHNOLOGY

Ousmène concentrates on blockchain-enabled solutions for money and payments, central bank digital currencies, and international monetary analysis.

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