Digital currencies, and especially those which have an embedded decentralised transfer mechanism based on the use of a distributed ledger, are an innovation that could have a range of impacts on various aspects of financial markets and the wider economy. These could include potential disruption...

There is room to improve the infrastructure for payments made by individuals, firms and government agencies that cross borders, according to a report by the Committee on Payments and Market Infrastructures (CPMI), the global standard setter for payment, clearing and settlement services....

"For central bank digital currencies (CBDCs) to improve cross-border payments, central banks must make fundamental decisions on foreign access and how CBDCs connect across jurisdictions. These decisions must be made at an early stage and international cooperation and coordination are...