Central Banking Benchmarking

 
Does your central bank have a legal mandate to issue a CBDC?

Central banks laws set out its structure, what it should achieve, and by what means. An important component related to legality is the definition of a CBDC and its design. A minority of central banks participating in Central Banking’s Fintech Benchmarks 2022 reported they have a legal mandate to issue a CBDC. It may be possible to amend central bank laws to include CBDCs as a form of money, but CBDCs may not meet criteria to be considered currency under monetary laws.

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