Cointelegraph has a very good article [1] that discusses a recent paper published by the Phildelphia Fed [2] on CBDCs and whether they are a threat to the commercial banking system. The article refers to a number of differing views on this topic, including that of Marshall Hayner, CEO of Metal, who is largely supportive of CDBCs, and that from IMF’s Tommaso Mancini-Griffoli who said CBDCs should be provided in public private partnership [6]. It also provides a reference to important whitepaper [5] of the Digital Dollar Project [4]. So what does this all mean?

  1. https://cointelegraph.com/news/central-bank-digital-currencies-endanger-private-banks-says-federal-reserve
  2. https://www.philadelphiafed.org/-/media/research-and-data/publications/working-papers/2020/wp20-19.pdf
  3. https://cointelegraph.com/news/digital-dollar-project-releases-white-paper-laying-out-groundwork-for-us-cbdc
  4. https://www.digitaldollarproject.org/publications
  5. https://static1.squarespace.com/static/5e16627eb901b656f2c174ca/t/5ecfc542da96fb2d2d5b5f15/1590674759958/Digital-Dollar-Project-Whitepaper_vF.pdf
  6. https://cointelegraph.com/news/imf-official-says-public-private-cbdc-offers-best-of-both-worlds

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