4.0 Common Elements

OMG's CBDC WG Responses to Federal Reserve Discussion Paper

Return to the Main Document	<b> <a href="mailto:cbdc-feedback@omg.org?Subject=OMG's CBDC WG Response: 4.0 Common Elements ">Provide Feedback</a></b>

During the review of the 22 questions posed in the White Paper it was decided that there were some common elements that needed to be separately addressed in order to not repeat the same information in the response to multiple questions.

Overview

Return to Top

Based on a preliminary evaluation of the Questions given in the Money, and Payments: The U.S. Dollar in the Age of Digital Transformation1) Board of Governors, The Federal Reserve System, January 2022, Accessed: 5 May 2022, https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf White Paper, it was observed that these questions shared common elements, i.e., recurring topics, that could and should be addressed independently of the individual questions so that their content can simply be referenced by OMG's CBDC WG answers, as appropriate.

Outline of Common Topics

Return to Top

4.1 Stakeholders

4.2 Currency Models

4.2.1 Digital Cash Model

4.2.2 Digital Account Model

4.3 Stablecoins

4.4 National Privacy Considerations

4.5 National Security Considerations

4.5.1 Human Trafficking

4.5.2 Drug Trafficking

4.5.3 Corruption

4.5.4 Money Laundering

4.6 International Considerations

4.6.1 Data Residency

4.6.2 Data Localization

4.6.3 Data Sovereignty

4.7 Dual Payment Networks