Critically analyse the benefits and regulatory risks of the implementation of a central bank digital currency.

“A Central Bank Digital Currency (CBDC) could provide households and businesses with a new form of central bank money and a new way to make payments….While CBDC poses a number of opportunities, it could raise significant challenges for maintaining monetary and financial stability.

CBDC therefore has relevance to almost everything the Bank does, and would need to be very carefully designed if it were to be introduced.”

Bank of England, ‘Discussion Paper: Central Bank Digital Currency Opportunities, challenges and design.’ (March 2020) at 4

Critically analyse the benefits and regulatory risks of the implementation of a central bank digital currency

Critically analyse the benefits and regulatory risks of the implementation of a central bank digital currency.
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