Dominican Republic: Assessing the Implications of a retail Central Bank Digital Currency (Phase 1 and 2)
Electronic Access:
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Summary:
The mission helped the BCRD to assess a CBDC's potential macro-financial, legal, and financial integrity implications, and shared lessons from other countries' CBDC and digital money projects, technology considerations, practices for stakeholder engagement, and how CBDC can increase financial inclusion, among others. The mission advised the BCRD to continue the exploration of macro-financial implications of a CBDC, conduct the legal framework revisions should a positive decision of CBDC be taken, assess risks to financial integrity once a firmer design choice is made, and build up technology knowledge and capacity meanwhile.
Series:
High Level Summary Technical Assistance Report No. 2024/031
Subject:
Central Bank digital currencies Technology
Frequency:
Regular
English
Publication Date:
August 28, 2024
ISBN/ISSN:
9798400286605/2959-4103
Stock No:
HLSEA2024031
Format:
Paper
Pages:
4
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