The Bank for International Settlements (BIS) has unveiled a comprehensive framework for designing retail central bank digital currencies (CBDCs), emphasizing a hybrid model that integrates central bank control with private sector collaboration. These intermediaries would handle functions such as Know Your Customer (KYC) verification, wallet management, and transaction facilitation. This model ensures efficiency and scalability while addressing concerns about user privacy and compliance with anti-money laundering (AML) regulations.
https://www.technocracy.news/bis-proposes-hybrid-retail-cbdc-model/
https://www.technocracy.news/bis-proposes-hybrid-retail-cbdc-model/
The Bank for International Settlements (BIS) has unveiled a comprehensive framework for designing retail central bank digital currencies (CBDCs), emphasizing a hybrid model that integrates central bank control with private sector collaboration. These intermediaries would handle functions such as Know Your Customer (KYC) verification, wallet management, and transaction facilitation. This model ensures efficiency and scalability while addressing concerns about user privacy and compliance with anti-money laundering (AML) regulations.
https://www.technocracy.news/bis-proposes-hybrid-retail-cbdc-model/
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