Another year has passed – and wow, what a ride this year has been. It was the year, in which the sentiment around crypto assets changed after years of rather negative sentiment to bullishness. It was the year, in which Bitcoin – for the first time in its...
It can be observed that the global adoption of central bank digital currencies (CBDCs) has been proceeding at a sluggish pace. The usage of CBDCs in countries that have introduced them has often fallen below the expectations of many. In a recent CoinDesk article,...
My recent CBDC mission to Bhutan has greatly broadened my perspectives on central bank digital currencies (CBDCs) – also when it comes to the digital euro. This experience has led me to several conclusions when it comes to CBDC design: 1️⃣ A CBDC must always...
Just last week, I had the honor of participating in an official mission arranged by the Asian Development Bank to the Kingdom of Bhutan 🇧🇹. The primary aim of this mission was to evaluate the potential benefits, challenges and use cases of introducing a central bank...
What do people think about central bank digital currencies (CBDCs)? A survey of > 90,000 conducted with capital markets and investment practitioners sheds some light on the demand side of CBDCs. Key insights: 1️⃣ There is limited understanding of and support for...
Deutsche Bundesbank published an article in its recent monthly bulletin addressing this question. Key observations: 1️⃣ The financial sector expects substantial efficiency gains from the combination of using a DLT and the tokenization of assets. Key efficiency drivers...