![]() Given the likely importance of a CBDC to a jurisdiction's financial system and broader economy, other security considerations include anti-money laundering and countering the financing of terrorism, consumer protection, and financial stability.Ī potential technology solution that is often discussed for a CBDC is distributed ledger technology (DLT). Like cash and conventional electronic payment systems, security considerations for a CBDC include the prevention of counterfeiting, fraud, and double spending. While there are many potential options for designing and implementing a CBDC, one important consideration that spans all the approaches is security. Discussions around CBDCs have included a variety of use cases and characteristics, including general-purpose and wholesale CBDCs, direct and indirect distribution of digital currency, and use of centralized and decentralized ledgers. Institutions are in various stages of research and development, with some just beginning their research and others already entering pilot testing or even production, albeit on a limited scale. The concept of a central bank digital currency (CBDC) has gained traction in recent years, with an increasing number of central banks announcing efforts to explore CBDC use cases and designs. Tarik Hansen and Katya Delak 1 Introduction Factors Affecting Reserve Balances - H.4.1įebruSecurity Considerations for a Central Bank Digital Currency.Industrial Production and Capacity Utilization - G.17.Survey of Household Economics and Decisionmaking.Household Debt Service and Financial Obligations Ratios.Financial Accounts of the United States - Z.1.Statistics Reported by Banks and Other Financial Firms in the United States.Senior Credit Officer Opinion Survey on Dealer Financing Terms.New Security Issues, State and Local Governments. ![]() Senior Loan Officer Opinion Survey on Bank Lending Practices.Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks.Assets and Liabilities of Commercial Banks in the U.S.Aggregate Reserves of Depository Institutions and the Monetary Base - H.3.Payments System Policy Advisory Committee.International Standards for Financial Market Infrastructures.Supervision & Oversight of Financial Market Infrastructures.Sponsorship for Priority Telecommunication Servicesįinancial Market Utilities & Infrastructures.Federal Reserve's Key Policies for the Provision of Financial Services.Regulation HH (Financial Market Utilities).Regulation II (Debit Card Interchange Fees and Routing).Regulation CC (Availability of Funds and Collection of Checks).Securities Underwriting & Dealing Subsidiaries.Enforcement Actions & Legal Developments.Federal Financial Institutions Examination Council (FFIEC)īanking Applications & Legal Developments.Federal Reserve Supervision and Regulation Report.Community & Regional Financial Institutions.
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