While this report does not propose whether or not to issue a CBDC, it does outline a common set of principles that would contribute to supporting public policy objectives:
- a central bank should not compromise monetary or financial stability by issuing a CBDC
- a CBDC would need to coexist with and complement existing forms of money
- a CBDC should promote innnovation and efficiency
The potential of CBDCs, together with an agreement on common principles and features, means there is considerable scope for future international cooperation, knowledge-sharing, and experimentation on CBDC.
Further areas of work for this group surrounds understanding the potential market structure effects of CBDC, their implications for financial stability, and any potential mitigants. The next stage of CBDC research and development will also emphasise practical policy analysis and applied technical experimentation.