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Scrutinising CBDCs: Project Mariana

Who Would Have to Say Yes

An experiment is not a decision. Five questions that separate them — and the one wholesale system that really is going live this year.

12 min165 XP available5 challenges

Put these in order

Put the steps between a BIS Innovation Hub prototype and a central bank euro in somebody’s wallet into order.

Earliest cause at the top

  1. A central bank opens its own project

    Investigation and preparation, on its own authority

  2. The issuing central bank decides to issue

    A decision the ECB says it will only take after the law is finished

  3. A legislature passes the enabling law

    For the euro, a Regulation agreed by Parliament and Council

  4. Issuance and rollout

    Years rather than months after that decision

  5. A BIS Innovation Hub proof of concept

    Feasibility, on a testnet, with hypothetical currencies

Answer to continue.