Best Before? Expiring Central Bank Digital Currency and Loss Recovery

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2023-07-02 03:07:11 - Translate -

The Bank of Canada (BoC) published a paper in 2021 entitled “Best Before? Expiring Central Bank Digital Currency and Loss Recovery.”
https://www.bankofcanada.ca/2021/12/staff-working-paper-2021-67/

The Bank of Canada (BoC) published a paper in 2021 entitled “Best Before? Expiring Central Bank Digital Currency and Loss Recovery.” https://www.bankofcanada.ca/2021/12/staff-working-paper-2021-67/

WWW.BANKOFCANADA.CA

Best Before? Expiring Central Bank Digital Currency and Loss Recovery

We consider introducing an expiry date for offline digital currency balances. Consumers whose digital cash expired would automatically receive the funds back into their online account. This functionality could increase demand for digital cash, with the time to expiry playing a key role.

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