SDF published a guidebook for regulators on designing CBDCs, explaining how central bank digital currencies can improve financial inclusion through open blockchains like Stellar, with features like programmability, compliance controls, and privacy protections.
The Stellar Development Foundation released a comprehensive guidebook for policymakers on central bank digital currencies (CBDCs). The guide explains how CBDCs can serve as public goods to expand financial access for individuals and MSMEs, particularly in markets reliant on physical cash. It advocates for public-private partnership CBDC models built on open blockchains, which foster innovation while maintaining central bank monetary control. The guidebook details how Stellar's features enable compliance (AML/CFT controls, KYC requirements, clawback functionality), programmability (fees, taxation, emergency transfers), and privacy protections while keeping transaction data transparent and auditable for regulatory purposes.
