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CBDCs should work offline to support resilience and inclusion, BIS Innovation Hub says

( May 11, 2023, 09:49 GMT | Official Statement) -- MLex Summary: The Bank for International Settlements Innovation Hub has said that central bank digital currencies should be usable without an Internet connection, even though that would present a complex matrix of issues including security, privacy and operational factors. The BIS has published a handbook to address these CBDC issues. “Implementing offline payment capabilities will require a deeper understanding of the technologies, security threats, risks and mitigating measures, as well as design criteria for privacy, inclusion and resilience,” said Beju Shah of the BIS Innovation Hub.Statement below and report attached. ...

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