Digital Euro Association Blog / Central bank digital currencies

It’s time to abandon the “Token vs. Account” discussion

Perusing any whitepaper or report on central bank digital currencies (CBDCs), the reader is almost certain to find a section devoted to the distinction between “token-based” and “account-based” CBDC, where ownership of the former is demonstrated by having knowledge of a private key (o …

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Project Hamilton by the Boston Fed: A Summary

Introduction Project Hamilton is a joint venture between the Federal Reserve Bank of Boston and the Massachusetts Institute of Technology’s Digital Currency Initiative. It is a multi-year research project aimed at gaining a hands-on understanding of CBDC design. Hamilton is in phase o …

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CBDC and the security–financial inclusion dilemma

In an article entitled “the Restructuring of the UK Financial Services in the 1990s” and published in 1993, two geographers – Leyshon, A. and Thrift, N., coined for the first time in history the term “financial exclusion”. They were worried about the effects of bank branch closures in …

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