Golden Finance reported that the Innovation and Digital Economy Consultation Group of the Bank for International Settlements (BIS) suggested adopting a hybrid architecture to build retail Central Bank Digital Money (CBDC), with Central Banks responsible for issuance and governance, and commercial banks providing consumer services. The report proposes a modular approach to design, focusing on the Token model to achieve privacy protection, while also supporting the account-based model, with user identity information kept in private intermediaries to ensure privacy protection. Despite the proposed privacy protection measures, CBDC is still widely considered to be at odds with the concept of Decentralized finance, raising concerns about systemic risks, privacy, and feasibility.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
