27 04/2021


Whitepaper for a retail DLT-based CBDC


The advent of the so-called cryptoassets drew the attention of central banks and regulatory bodies alike on the threats and opportunities arising from such emerging technologies that open to completely new and uncharted scenarios.

The debate on the feasibility of a CBDC and its implications, both positive and negative, is open and particularly lively.

This document draws a possible solution for a general purpose CBDC and a related payment system based on a DLT platform, analysing the topic not only from the technical point of view but also considering operational and regulatory issues.

We believe that this white paper is a recommended reading for anyone who wants to learn more about the subject of CBDC and represents a contribution to the discussion, a stimulus to further analysis and an invitation to promote experimentations.