skip to Main Content
bitcoin
Bitcoin (BTC) $ 79,474.29 2.58%
ethereum
Ethereum (ETH) $ 1,559.73 0.49%
tether
Tether (USDT) $ 0.999798 0.03%
xrp
XRP (XRP) $ 1.90 0.40%
bnb
BNB (BNB) $ 556.80 1.08%
usd-coin
USDC (USDC) $ 1.00 0.01%
solana
Solana (SOL) $ 107.54 2.81%
dogecoin
Dogecoin (DOGE) $ 0.150136 1.84%
tron
TRON (TRX) $ 0.22916 0.39%
cardano
Cardano (ADA) $ 0.589326 3.76%

Bank of Spain to Weigh Digital Currency Design Proposals, ‘Implications’ Through 2021

Bank of Spain to Weigh Digital Currency Design Proposals, ‘Implications’ Through 2021

Spain’s central bank is fast-tracking research on digital currency ‘s design and the economic implications of central bank digital currency (CBDC) introduction as per a four-year strategic plan released Friday.

  • CBDC researchers will “consider different design proposals” and analyze digital currency’s financial and systemic risks for Spain.
  • They will also study how “digital identification” relates to CBDC, the plan said.
  • This “priority” research will begin this year and carry through the end of 2021.
  • A member of the eurozone, the Bank of Spain cannot unilaterally introduce its own sovereign CBDC.
  • However, the European Central Bank is currently mulling a digital euro through committee work that includes Spanish central bankers. The future of that work will be determined in mid-2021.
Loading data ...
Comparison
View chart compare
View table compare
Back To Top