Essential requirements for central bank digital currency

David Chaum and Thomas Moser
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David Chaum: Founder, xx network, USA

Journal of Digital Banking, 2024, vol. 9, issue 2, 102-109

Abstract: Any central bank digital currency (CBDC), regardless of the specific architecture and design, should fulfil the following three essential requirements: (a) the CBDC is protected against counterfeiting, and any counterfeits are irrefutably verifiable; (b) payments with CBDC maintain privacy without facilitating criminal activity; (c) CBDC withdrawals and payments can be made with a smartphone, and the smartphone application conforms to current smartphone and network capabilities as well as user interface paradigms. In this paper, we provide explanations, justifications and details of the three requirements.

Keywords: central bank digital currency (CBDC); cash; eCash 2.0; privacy (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jdb000:y:2024:v:9:i:2:p:102-109

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