This article is about blockchain, business, and technology news.

The Bank for International Settlements (BIS) advisory group has proposed a hybrid architecture for a retail central bank digital currency (CBDC). In this architecture, the issuance and management of the CBDC would be provided by the central bank, while consumer-facing services would be provided by commercial banks. The proposed framework would be built on a token-based model that promotes privacy. However, it would also support account-based models where users have specific accounts. Privacy can be achieved by separating transactions from identity information. CBDCs are seen as the antithesis of permissionless finance and pose systemic risks and privacy concerns. Share your views in the comments.