👉Open Source CBDC, by the Digital Euro Association

👉 As per the report, Central Bank Digital Currencies (CBDCs) represent a signicant evolution in nancial infrastructure, oering digital versions of national currencies issued and backed by central banks.

They are considered critical nancial infrastructure due to their role in the broader economy and the need for zero fault tolerance—any failure could have substantial repercussions.

Therefore, ensuring the reliability, security, and adaptability of CBDC systems is paramount. Integrating open-source principles into the development of CBDCs can help achieve these goals, providing transparency, collaboration, and rapid improvements through community contributions.

Open-source solutions could be crucial in building trust and transparency within CBDC projects, especially for retail CBDCs (rCBDC) in regions where consumers and advocacy groups have resisted their implementation.

Author

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