Providing trusted (“fiat") money to the public has been for centuries one of the main responsibilities of central banks. Nowadays, coins and notes seem to lose more and more ground in favour of digital ways of paying. At the same time, private sector digital currencies based on distributed ledger technology bypass central banks and are making their first inroads in the traditional economy: Tesla recently announced it accepts payments in bitcoins.
To evolve and pursue their public policy objectives in a digital world, central banks are actively researching the pros and cons of offering a "general purpose" central bank digital currency (CBDC) to the public. These CBDCs should of course not compromise monetary or financial stability and should complement existing forms of money rather than replace them, and should promote innovation and efficiency.
What is the view of central bankers on this evolution, how could a regulatory framework be envisaged and what are the caveats? What is the vision of the industry – both from banks and non-banks ? Two panels – the first with regulators and central bankers, the second with representatives of the private sector including the financial industry – will shed some light on a phenomenon that will gain importance very quickly.