The Bank for International Settlements (BIS) Advisory Group has proposed a retail central bank digital currency (CBDC) architecture based on a hybrid approach.

The proposed architecture envisages the issuance and management of the digital currency by the central bank, while commercial banks handle the servicing of users. The main focus is on a tokenized model to protect privacy, with the possibility of using accounts.

The report notes that the separation of transaction data and identity information between private intermediaries and users reduces risks and enhances data protection.$SCR $PROS $CREAM #2024withBinance