Taxonomy & Design Choices for CBDC

key concepts

The CBDC Working Group has set out to publish a new taxonomy and augmented set of definitions for digital currency and potential design options. This paper provides a common language for understanding the considerations and decisions relevant to the building of a CBDC and highlight areas where certain features may complement or cause friction with one another.

 

The authors would like to thank Sonja Davidovic and John Kiff (IMF), Anastasia Kinsky (GDF), Giulio Cornelli (BIS), Ousmene Mangeng (Accenture), and many others for their expert feedback on this paper.

George Calle, Research Lead

George Calle

  • Research Lead
  • Digital Currencies
  • R3
Riccardo Coassin, Senior Associate

Riccardo Coassin

  • Senior Associate
  • Clifford Chance
Laura Douglas, Senior Associate

Laura Douglas

  • Senior Associate
  • Clifford Chance

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George Calle, Research Lead

George Calle

  • Research Lead
  • Digital Currencies
  • R3
Riccardo Coassin, Senior Associate

Riccardo Coassin

  • Senior Associate
  • Clifford Chance
Laura Douglas, Senior Associate

Laura Douglas

  • Senior Associate
  • Clifford Chance