The Bank for International Settlements and seven leading central banks outlined key policy debates around issuing central bank digital currency (CBDC) in a paper published on May 25. 

While they are at different stages of CBDC development, the central banks agree on a need to ensure ongoing retail access to central bank money “at a time of profound, ongoing changes across finance, technology and society”. 

The central banks – of Canada, the eurozone, Japan, Sweden, Switzerland, the UK and US –