BIS CPMI releases report analyzing the role of central banks and central bank money in payment systems
CPMI publishes analysis on how central banks support payment system safety and efficiency and trust in money in the rapidly changing payments ecosystem
AI-assisted source summary · not independently verified. Content standards
CPMI under BIS has released a report analyzing how central banks and central bank money can maintain the safety, efficiency, and confidence in money of payment systems amid a rapidly changing payments ecosystem. The report examines the risks and opportunities brought by fast payment systems, non-bank payment service providers, tokenized deposits, stablecoins, and programmable platforms, and proposes that central banks coordinate policy across four roles: issuer, operator, regulator, and catalyst for change.
The report places fast payment systems, non-bank payment service providers, tokenized deposits, and stablecoins within a single framework, outlining the policy trade-offs for central banks in issuance, operation, regulation, and coordination.
Source:BIS — Media releases · bis.org