On the possibility of a cash-like CBDC

We explain why all CBDCs will need a ledger that keeps track of CBDC ownership regardless of whether they are “token-based”, “DLT-based” or “on a blockchain”; and regardless of how we define these terms. Consequently, token-based CBDCs appear not to have a greater capacity for providing payments that are peer-to-peer, offline or anonymous like cash than “account-based” CBDCs.

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Year of publication:	2021
Authors:	Armelius, Hanna ; Claussen, Carl Andreas ; Hull, Isaiah
Publisher:	Stockholm : Sveriges Riksbank
Subject:	CBDC \| Tokens \| Offline

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Series:	Sveriges Riksbank Staff memo
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	hdl:10419/231485 [Handle] RePEc:zbw:esprep:231485 [RePEc]
Classification:	E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System ; E51 - Money Supply; Credit; Money Multipliers
Source:	EconStor

Persistent link: https://www.econbiz.de/10012440162