How Did We Get Here? From Observing Private Currencies to Exploring Central Bank Digital Currency

Abstract: The emergence of private digital currencies has inspired discussion over the possibility of central bank-issued digital currencies. While privately issued currencies are not new, the rise of digital currencies has highlighted both concerns and opportunities for central banks.

Keywords: Digital currencies; Central banking; Central Bank Digital Currency;

JEL Classification: G21; G23;

Access Documents

File(s): File format is application/pdf
Description: Full text


Bibliographic Information

Provider: Federal Reserve Bank of Kansas City

Part of Series: Payments System Research Briefing

Publication Date: 2020-02-26

Pages: 7