Tag: CBDC

Public sector regulatory agencies are at an inflection point as digital assets have emerged in the private sector in the form of cryptocurrencies, stablecoins, non-fungible tokens (NFTs), and central bank digital currencies (CBDCs). To inform this process, AWS has collaborated with industry analyst firm, Constellation Research, to write a new research report available to the public. “The CIO Imperative for Digital Assets in the Public Sector” presents an exploration of the requisite topics to get CIOs and their teams up-to-speed and ready for this journey.

Many central banks globally are researching the possibility of launching a central bank digital currency (CBDC). AWS has worked with customers in the financial industry as they design secure, resilient, and scalable critical financial infrastructure networks. In this post, we share best practices for central banks to consider as they move through the CBDC development lifecycle.

Increased digitalization is transforming the payments landscape. Over 85 countries, representing over 90% of global GDP, are researching the possibility of launching a retail central bank digital currency (CBDC). However, as central banks evaluate the pros and cons of CBDCs, they are considering different approaches and designs to address the variety of needs and situations of each country. To advance understanding in this space, AWS worked with the Oliver Wyman Forum on a whitepaper which outlines a framework that can help support policymakers in evaluating the interdependencies between policy and technology choices. In this blog post, we summarize key principles outlined in the framework.

Increasingly, central banks want to answer practical questions and make the technology choices involved to deliver a central bank digital currency (CBDC). They need a solution that delivers on their missions and meets the performance criteria required to support a stable monetary and financial system. To help organizations understand available technology options and see how cloud services can enable optimal solution designs, AWS authored a two-part whitepaper. Here are some of the highlights.