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Financial Integrity Implications of Retail Central Bank Digital Currencies (rCBDCs) / Kathleen Kao, Ke Chen, Ben Aldersey, Stephanie Forte, Giulio Soana.
- Format:
- Book
- Government document
- Author/Creator:
- Kao, Kathleen.
- Series:
- Fintech Notes; Fintech Notes No 2025/010
- Fintech Notes
- Language:
- English
- Physical Description:
- 1 online resource (51 pages)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2025.
- Summary:
- How should the international anti-money laundering and combating the financing of terrorism (AML/CFT) standards be applied in a retail CBDC (rCBDC) setting? This chapter identifies the main categories and characteristics of rCBDCs that may have financial integrity implications and analyzes the potential impact that various rCBDC features might have on effective implementation of an issuing jurisdiction’s AML/CFT regime. It provides guidance to policymakers and competent authorities by presenting important considerations that should precede an rCBDC launch and inform rCBDC designs, as well as through suggested good practices on the application of AML/CFT measures in an rCBDC context. Due to the novelty of rCBDCs and limited practice, this chapter highlights where current rCBDC designs pose challenges or raise questions with respect to specific aspects of prevailing international standards.
- Notes:
- Description based on print version record.
- ISBN:
- 979-82-290-2935-3
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