The exploration of central bank digital currencies (CBDC) has gained significant momentum worldwide. With over 100 countries actively engaged in CBDC research and development, there is growing recognition of CBDCs as transformative tools in the future of digital payments. To ensure successful implementation and promote interoperability, global coordination becomes paramount.
This report analyses CBDCs from a regional perspective, identifying unique aspects and areas of alignment among jurisdictions. It highlights key principles that can serve as a basis for interoperable CBDC design, including trust, financial inclusion, payment efficiency, regulatory compliance, privacy, cybersecurity and more.
The report calls for public-private cooperation, regulatory consistency, innovation and participation in standards development. The principles presented in the report provide a foundation for CBDC interoperability and call for continued conversations and the establishment of enforceable standards.
By understanding regional priorities, aligning areas of common interest and adhering to interoperability principles, CBDCs can advance harmoniously, leading to efficient and interconnected digital payment systems. This report provides valuable insights for stakeholders involved in CBDC development, fostering a global future where CBDCs can thrive and realize their full potential in transforming the payments landscape.
