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The Business Model for CBDC Wallets

Central Bank Digital Currency (CBDC) plans could put banks in a fundamentally different business than deposit-taking as they become wallet custody service providers. In a roundtable co-hosted with Elevandi at the 2022 Singapore FinTech Festival, the Institute of International Finance (IIF) gathered senior leaders from the financial services industry and the public sector for off-the-record discussions to explore a workable economic and risk model for future CBDCs.